India's leading tractor exporter, Sonalika Tractors, announced a massive ₹1300 crore expansion plan for its Hoshiarpur facility in Punjab. This project signifies a significant milestone for the company and the state's industrial landscape. The groundbreaking ceremony, graced by Chief Minister Bhagwant Mann, marks the beginning of construction for two new plants with ₹1000 crore marked for the tractor assembly plant which will be dedicated to fulfilling Sonalika's export commitments. This facility will increase its annual production capacity by 1 lakh tractors, as the company aims to further dominate the international market.
Additionally, the ₹300 crore is earmarked for the DRAS High-Pressure Foundry Plant which is designed by Japanese experts adhering to stringent Japanese standards. Once operational, it will become the largest casting facility in North India.
Akshay Sangwan, Director - Development & Commercial, Sonalika Tractors, said, “Our heavy duty tractor range will get a major boost in terms of quality and expansion as the new casting plant is equipped with a melting capacity of over 1 lakh metric tonnes per annum. Featuring the state-of-the-art German-made Kunkel Wagner high-pressure moulding line, DRAS is poised to elevate the quality of tractors through the production of fine-quality casting.”
This ₹1300 crore investment strengthens Sonalika's position as the world's largest integrated tractor manufacturer.
The company is set to solidify its dominance in the global tractor market with increased production capacity, cutting-edge technology, and unmatched efficiency.
