From Hoshiarpur to Global Recognition: Sonalika Tractors Achieves a Historic Milestone with a $1.1 Billion Turnover
New Delhi, January 8: In a historic achievement, Sonalika Tractors, India’s No. 1 tractor export brand, has earned a coveted spot in the Fortune 500 India 2024 list, ranking among the nation’s largest companies. Additionally, Sonalika has secured its position among the Top 10 Auto Brands in India in the prestigious Fortune India listing.
From Humble Beginnings to Global Leadership
Established in 1996 in the non-industrial town of Hoshiarpur, Punjab, Sonalika Tractors has grown to become a global force in agricultural machinery with an estimated turnover of $1.1 billion. The company’s journey has been guided by three core principles:
- Delivering best-in-class products and services
- Prioritizing stakeholder welfare
- Conducting ethical business practices without shortcuts
Operating in over 150 countries and maintaining a debt-free approach, Sonalika has consistently set benchmarks in the industry while prioritizing the farming community at its core.
A People-First Approach
Sonalika’s strength lies in its family-like culture that encompasses employees, dealers, vendors, and farmers. This approach was exemplified during the COVID-19 pandemic, where the company stood by its workforce by ensuring:
- Timely salary payments
- Advance payments to vendors
- Zero layoffs
With the trust of over 17 lakh farmers worldwide, Sonalika proudly operates the world’s No. 1 integrated tractor manufacturing plant, capable of producing a tractor every two minutes—a true symbol of innovation and efficiency.
Leadership Speaks
Expressing pride in the achievement, Sh LD Mittal, Chairman of International Tractors Limited (Sonalika), said:
“It is a momentous occasion for the entire Sonalika family. Our debut in the Fortune 500 India 2024 list and recognition among the Top 10 Auto Brands in India reflects our relentless commitment to innovation, ethical business practices, and people-first values.”
He added:
“From our humble beginnings in Hoshiarpur to becoming a leading global tractor brand, our journey is a testament to the dedication of our team, the trust of farmers, and the collaborative spirit of our partners. We remain steadfast in our mission to revolutionize farm mechanization and improve farmer livelihoods through innovative machinery solutions.”
A Legacy of Excellence
Sonalika’s success story is a collective celebration—a result of tireless efforts by its dedicated team, the trust of farmers, and the support of dealers and vendor partners.
As Sonalika Tractors continues to scale new milestones and lead farm mechanization growth, it remains a shining example of India’s industrial excellence and agricultural empowerment.
