Sonalika Tractor in India

Sonalika Tractors is a tractor manufacturer based in Punjab, India. It is the 3rd largest manufacturer of tractors in India, with the capacity to produce 3 lakh tractors a year, as of June 2017. It manufactures tractors ranging from 20 HP to 120 HP. The company is owned and operated by International Tractors Limited[5], the flagship firm of Sonalika Group. It was founded in 1995. Sonalika Tractors wields about 11.7% market share of the Indian tractor industry. Sonalika Tractors owns a 70 per cent stake in the company while Japanese diesel engine manufacturer, Yanmar holds 30 per cent stake. It was selected for the 'Champions of Change' 2017 programme organized by Niti Aayog.