Sonalika Invests Rs 1,000 Crore in Electric Mobility, Eyeing Global Markets

Key Highlights

• Sonalika invests Rs 1,000 crore in electric tractors.
• Electric tractors to reduce fuel costs and pollution.
• Expected launch within two years, targeting global markets.
• Electric tractors offer better performance with instant torque.

Sonalika, India’s largest tractor exporter, has announced a significant Rs 1,000 crore investment aimed at producing electric tractors. This move marks a major shift towards greener, more sustainable farming solutions, modernizing the long-standing reliance on diesel-powered agricultural machinery.

Shifting to Electric Tractors for a Greener Future

Sonalika is leading the way by focusing on developing electric tractors. These eco-friendly machines will not only help farmers cut fuel costs but also play a role in reducing pollution. With the new electric tractors, Sonalika aims to offer a cleaner alternative to traditional diesel tractors.

According to Raman Mittal, Joint Managing Director of Sonalika Group, the company is committed to electrification, saying, "We are focused on moving toward electrification, whether it’s a five-year or ten-year journey." Sonalika expects to launch these electric tractors within the next two years, initially targeting international markets.

Cost Savings and Better Performance for Farmers

The shift from diesel to electric tractors isn't just about being environmentally friendly. Electric tractors are expected to offer significant cost savings for Indian farmers. One major benefit is the powerful torque that electric engines deliver instantly, something that diesel tractors can't match.

Raman Mittal emphasized that electric vehicles are ideal for tractors, as they require strong power right from the start. He revealed that Sonalika is in the advanced stages of developing these tractors, which are expected to perform better and save money in the long run.

Expanding into Urban Mobility

Sonalika’s ambitions go beyond agriculture. The company is also working on electric quadricycles, which could offer a sustainable solution for urban transportation. This move signals a major shift for Sonalika as it expands from farming equipment into the urban mobility market.

With a 13.5% share of the Indian tractor market and exports to over 140 countries, Sonalika is well-positioned for this expansion. Its state-of-the-art manufacturing facility in Hoshiarpur, Punjab, is equipped with advanced machinery to produce electric vehicles, ensuring high-quality products for both farmers and city users.

Leading the Future of Sustainable Farming and Transport

Sonalika’s bold investment in electric mobility is a significant step towards a greener future for both the farming and transportation industries. By focusing on electric tractors and quadricycles, the company aims to provide long-term benefits to farmers and city residents alike, offering a sustainable and cost-effective solution.

With this investment, Sonalika is assured of becoming a leader in the global transition to electric mobility, driving innovation in both agriculture and urban transportation.

Also Read: Kubota to Build Tractor Manufacturing Plant Near Jewar Airport: Big Boost for Western UP

CMV360 Says

Sonalika’s Rs 1,000 crore investment in electric tractors and quadricycles signals a bold shift towards sustainable farming and urban mobility. By embracing electric technology, the company aims to reduce pollution, save costs for farmers, and expand its reach, positioning itself as a leader in green innovation.