Sonalika opposes increase in Indian GST
Sonalika International Tractors of India has opposed the 28% levy on tractor parts proposed under the Goods and Services Tax (GST) structure, saying it will hurt the sector and also farmers. Source: Deccan Chronicle The tractor manufacturer said the tax on tractor parts should remain at the existing level of 14%. “The government has proposed […]
Sonalika double take to 2020
Sonalika International Tractors aims to double its revenue, which stands at US$660 million by 2020. Source: The Economic Times India The company, which produces tractors between 20hp to 120hp, is among the top three tractor manufacturers in the country with a market share of around 12%. “The continuous trust of our patrons has made us one of the fastest growing tractor manufacturing companies […]