VMP New Delhi [India], April 10: India's No. 1 tractor export brand, Sonalik Tractors concluded its comprehensive FY 2014 by setting a new stellar milestone while leveraging its farmer-centric approach and fostering its commitment to innovation. Excited to end the journey. , The company is excited to achieve the highest ever overall annual market share of 15.3 per cent (estimated) as well as become the only tractor brand to grow in the domestic market in FY2014. The sensational performance has enabled Sonalika to outperform the industry. Sonalika's latest peak also includes the 34.4 per cent export market share (estimated) recorded during FY24 among tractor exporters from India. This includes strengthening the company's position as India's number tractor exporter by a staggering 6.2 percentage points (estimated change in market share) and with a significant margin over the next brand.Throughout the year, Sonalika continued to navigate through a demanding financial year. '24 continues to leverage its out-of-the-box approach * Unveiled an investment plan of Rs 1300 crore to set up two new plants in Hoshiarpur, further strengthening Sonalika's position as the owner of the world's largest tractor scheme * 5 new tractors including SV series launched, first of its kind in India 'Electric tractor designed for international markets at ITL Global Partners Summit (GPS 200) * 10 new models under premium TIG series in 40-75 h * Launches the largest tractor range of Sikander DLX DI 60 Torque with the largest engine in the range and industry first pricing across the country * Introducing 5 years tractor warranty across its tractor range, omni Sonalika's journey in FY24 towards setting up a fully mechanized farming ecosystem by providing agri-solutions The showcase company is striking a chord with farmers at the grassroots level with its heavy-duty tractors and advanced equipment. Sharing his views, Raman Mittal, Joint Managing Director, International Tractor Limited, said, “We are thrilled to end our FY24 journey. The overall annual market share of 15.3 per cent (estimated) is an all-time high. We Glad we have become the only tractor brand to grow in India – the largest tractor market in the world and we have also outperformed the industry.While in exports, we have further strengthened our position as India's No. 1 export brand with 34.4 percent market share. The amazing growth has been made possible by our consistent focus on launching new and innovative products in our premium Tiger range and flagship Sikander DLX series. With continuous upgrades in technology across our extensive heavy duty tractor range. Additionally, our unique step of displaying tractor prices on our website has ensured transparency in tractor procurement, thereby continuously increasing stakeholders' confidence in our brand. This unique approach is also paving our way towards sustained growth.Furthermore, our leadership in tractor exports from India is empowering us to innovate continuously and aggressively across the globe. Since most of these technology innovations are 'Made in India', they are also helping us prepare for a better future. With our heads held high and expectations of achieving such outstanding achievements, we become even stronger as an organization and network, looking to achieve new milestones and accelerate towards our mission 2 lakh in FY 2025. Ready to move forward.