Sonalika Tractors - Wikipedia

Sonalika Tractors is an Indian agricultural machinery manufacturer. The company was founded in 1995 in Punjab, India. ... It is the 3rd largest manufacturer of ... SonalikaTractors FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch SonalikaTractorsTypePrivateIndustryAgriculturalmachineryFounded1995;27 yearsago (1995)FounderLachhmanDasMittalHeadquartersHoshiarpur,Punjab,IndiaAreaservedWorldwideKeypeopleAmritSagarMittal(VC)DeepakMittal(MD)ProductsTractorsParentSonalikaGroupWebsitewww.sonalika.com SonalikaDI-47RXTractor SonalikaTractorsisanIndianagriculturalmachinerymanufacturer.Thecompanywasfoundedin1995inPunjab,India.[1]Itisthe3rdlargestmanufactureroftractorsinIndia,withthecapacitytoproduce300,000tractorsayear,asofJune2017.ThecompanyhasbecometheNo.1companyinexportsfromIndiaselling35,000tractorsinFY2021-2022andisactivein135+countries.[2]Itmanufacturestractorsrangingfrom20HPto120HP.[3][4]ThecompanyisoperatedbyInternationalTractorsLimited,[5]theflagshipfirmofSonalikaGroup.[1][6] SonalikaTractorswieldsabout11.7%[7][8]marketshareoftheIndiantractorindustry.SonalikaGroupownsa70percentstakeinthecompanywhileJapanesedieselenginemanufacturer,Yanmarhold30percentstake.[9]Itwasselectedforthe'ChampionsofChange'2017programmeorganizedbyNitiAayog.[10] Contents 1History 2Plants 3Products 4Operations 5Awardsandrecognition 6Seealso 7References History[edit] ThebrandSonalikaTractorsisownedandoperatedbyInternationalTractorsLimited,whichwasincorporatedin1969 .ItwasfoundedbyLachhmanDasMittal.[11]Itsolditsfirsttractorin1996.[1] TheVicePresidentofIndia,BhaironSinghShekhawatsymbolicallyhandingoverSonalikatractorsgiftedbyIndiatoArmeniaathismeetingwiththeArmenianMinisterofAgriculture,DavitLokyaninYerevanonOctober7,2005 In2000,RenaultAgriculture,aFrenchtractormaker,acquireda20%stakeinthecompanyfor80millionfrancs(equivalentto$11.4millionin2000)andformedaSonalika-Renaultjointventuretomarketitstractorsworldwide.[12][13][14] Aftertie-upwithRenaultAgriculture,thecompanystartedproducinglicensedRenaulttractorsundertheRenaultSonalikaInternational.However,thetractorsaremarketedunder'Solis'brandnamewhileitismarketedunderthe'Sonalika'brandnameinIndia.[13]InAugust2005,SonalikaboughtbackitsstakefromRenaultwhenRenaultAgriculturewasacquiredbyGermany'sClaasMotors.[15][16]InOctober2005,Yanmar,aJapanesecompany,acquireda12%stakeinSonalikaTractors.[17] InOctober2012,TheBlackstoneGroupboughta12.5percentstakeinthecompanyforRs520crore.[18]TheinvestmentfromBlackstonemadethecompanyvaluedatRs4,200crorein2012.[1]ThemarketshareofSonalikaTractorswasalsoincreasedfrom7.8percent(in2011)to9.9percentin2013.Thecompanylaunchedaheavyrangeair-conditionedtractorseriescalledWorldtrac90inJune2013.[19]InDecember2016,Yanmarbought18percentstakeinSonalikaforaboutRs1,600crore.Currently,itownsa30percentstakeinthecompanyafterBlackstoneexit.[9] ItformedanewjointventurewithFAMAGinAlgeriainOctober2018.[20] Plants[edit] SonalikaWorldtrac90 SonalikaDISeries Sonalikahastheworld'slargesttractormanufacturingfacility,[21]inHoshiarpur,Punjab.Itisspreadacross85acresofland[22]andhasallmanufacturingfacilities,fromtheenginetoassembly.[23]Theplanthasaproductioncapacityof300,000tractorsannually.[22]InMay2017,PunjabCMAmarinderSinghinauguratedtheintegratedtractormanufacturingunitofSonalika.[22][24] TheHoshiarpurplantisalsoequippedwitharoboticpaintfacility,whichwasintroducedforthefirsttimeintheIndiantractorindustry.[23]SonalikahasassemblyplantsinBrazil,Iran,Argentina,AlgeriaandCameroon.[25] Products[edit] DI,RXSeries WTSeries GTSeries SikanderSeries CustomizedSeries(Chhatrapati,Mahabali&Maharaja) MMSeries TigerSeries SikanderDLXSeries Operations[edit] Itholdsa60%marketshareinAlgeria,22%inNepaland20%inBangladesh.[26]Thecompanyoperatesinover120countries[27]andisoneofthetopIndiantractorexporters.[28] Awardsandrecognition[edit] In2019,SonalikaTractorswonBestTractorforAgriculture(SonalikaWorldtrac600),BestDesignTractorAward(Sonalika'sSolis5015)attheIndianTractoroftheYear(ITOTY)Awards2019.[29] In2018,itwonthe11thGlobalAgricultureLeadershipAwardfromtheIndianCouncilofFoodandAgriculture(ICFA)intheIndustryLeadershipcategory.[30] ItwasselectedfortheNitiAayog's'ChampionsofChange'2017programme.[10] SonalikaTractorsreceivedtheETIconicBrandofIndiabyTheEconomicTimesin2017.[31] SonalikaTractorsawardedTheBestQualityAwardbytheGovernmentofIndiain2002–03.[32] Seealso[edit] Indiaportal Companiesportal SonalikaGroup TractorsinIndia Listoftractormanufacturers References[edit] ^abcdThomas,PrinceMathews;Mishra,AshishK(January30,2014)."WhatSonalikaTractorsNeedtoBeattheMahindras".ForbesIndia. ^Modi,Ajay(June15,2017)."Sonalikascalescapacitytoproduce300,000tractors".BusinessStandard. ^SenGupta,Nandini."YanmarSonalikatomaketractorsforUS".TheTimesofIndia. ^Mukherjee,Sharmistha(April5,2017)."SonalikaTractorssalesup19.6%inFY17".TheEconomicTimes. ^Panday,Amit(3Jun2020)."InternationalTractorsreport19%growthinMaysales".Livemint. ^Raghunathan,Anu(September23,2015)."84-Year-OldIndianTractorTycoonWantsToTripleRevenuesBy2020".Forbes. ^Balachandar,G(May8,2020)."AmidvolumedeclineinFY20,higherHPtractorsstayintopgear".TheHinduBusinessLine. ^Banerjee,Avishek(May24,2017)."SonalikaTractorsMightIntroduceSolis120InDomesticMarketSoon".BusinessWorld. ^abPM,Indulal;Mukherjee,Sharmistha(December23,2016)."YanmarbuysBlackstone's18%stakeinInternationalTractors".TheEconomicTimes. ^abAradhana(August22,2017)."PMAddressesYoungEntrepreneursAtThe"ChampionsOfChange"InitiativeOrganizedByNitiAayog".BusinessWorld. ^"IndiaToday,Volume32,Issues9-17".LivingMedia.2007.p. 110. ^"RenaultAgriculturetiesupwithITL".Rediff.com.July19,2000. ^ab"RenaultAgricultureeyeshigherstakeinInternationalTractors".TheFinancialExpress(India).February6,2002. ^Basu,Jaya(March22,2003)."Now,Frenchtractorswith'MadeinIndia'tag".IndianExpress. ^Ramanathan,SKalyana(August3,2005)."Renaultsells20%ITLstakeforRs44cr".Rediff.com. ^Choudhury,Santanu(February6,2013)."RenaultAgritosourcetractorsfromITL".BusinessStandard. ^"Yanmarbuys12%stakeinIntlTractors".TheTimesofIndia.October10,2005. ^Chanchani,MadhavA(October8,2012)."Blackstonetoacquire12.5%inInternationalTractorsforupto$100M".VCCircle. ^"SonalikarollsoutheavyrangeofACtractorseries".TheEconomicTimes.June14,2013. ^"SonalikaITLpartnerswithFAMAGinAlgeria".TheEconomicTimes.October24,2018. ^"Insidetheworld'slargesttractormanufacturingfacility".ETAuto.TheEconomicTimes.July30,2017. ^abc"Sonalikainauguratesintegratedtractormanufacturingunit".TheEconomicTimes.May8,2017. ^ab"SonalikaTractorsmarketshareincreasesto12%,growsby50%".Rushlane.May6,2016. ^"ITLinauguratesworld'slargesttractormanufacturingplantatHoshiarpur".TheEconomicTimes.May8,2017. ^SethMohile,Shally(December27,2016)."SonalikaTractorsintalkstosetupaplantinChina".Livemint. ^Mathur,Shobha(17August2016)."SonalikaITLlaunches120hptractorforexports;plansassemblyunitsinChinaandUSA".Autocarpro. ^Panday,Amit(July10,2019)."InternationalTractorsLimitedlaunches2newtractorbrandsinIndia".Livemint. ^Gupta,NandiniSen(August25,2016)."SonalikaclinchestopspotastractorexporterinIndiainJuly".TheEconomicTimes. ^"ITOTY2019:India'sFirstAwardsShowforTractorsandFarmImplements".BusinessStandard.May7,2019. ^Sharma,Sakhi(October24,2018)."GlobalAgricultureLeadershipAwards".Awardsandachievements.com. ^"ETIconBrandsofIndia2017".ETNow.June2,2017. ^Singh,Sukhpal(2010).AgriculturalMachineryIndustryinIndia:Growth,Structure,MarketingandBuyerBehaviour.AlliedPublishers.p. 51.ISBN 9788184245318. vteAutomotiveindustryinIndia Automotiveindustry EconomyofIndia TransportinIndia IndianmanufacturersActive AjantaGroup AshokLeyland AsiaMotorWorks ArmouredVehiclesNigamLimited HeavyVehiclesFactory 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