Sonalika Tractors

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, 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 hold 30 per cent stake. It was selected for the 'Champions of Change' 2017 programme organized by Niti Aayog.
History.
The brand Sonalika Tractors is owned and operated by International Tractors Limited, which was incorporated in 1995. It was founded by Lachhman Das Mittal. It sold its first tractor in 1996.
 
In 2000, Renault Agriculture, a French tractor maker, acquired a 20% stake in the company for 80 million francs (equivalent to $11.4 million in 2000) and formed a Sonalika-Renault joint venture to market its tractors worldwide.
After tie-up with Renault Agriculture, the company started producing licensed Renault tractors under the Renault Sonalika International. However, the tractors are marketed under 'Solis' brand name while it is marketed under the 'Sonalika' brand name in India. In August 2005, Sonalika bought back its stake from Renault when Renault Agriculture was acquired by Germany's Claas Motors. In October 2005, Yanmar, a Japanese company, acquired a 12% stake in Sonalika.
In October 2012, The Blackstone Group bought a 12.5 per cent stake in the company for Rs 520 crore. The investment from Blackstone made the company valued at Rs 4,200 crore in 2012. The market share of Sonalika Tractors was also increased from 7.8 per cent (in 2011) to 9.9 per cent in 2013. The company launched a heavy range air-conditioned tractor series called Worldtrac 90 in June 2013. In December 2016, Yanmar bought 18 per cent stake in Sonalika for about Rs 1,600 crore. Currently, it owns a 30 per cent stake in the company after Blackstone exit.
It formed a new joint venture with FAMAG in Algeria in October 2018.
Plants.
Sonalika has the world's largest tractor manufacturing facility, in Hoshiarpur, Punjab. It is spread across 85 acres of land and has all manufacturing facilities, from the engine to assembly. The plant has a production capacity of 3 lakh tractor annually. In May 2017, Punjab CM Amarinder Singh inaugurated the integrated tractor manufacturing unit of Sonalika.
The Hoshiarpur plant is also equipped with a robotic paint facility, which was introduced for the first time in the Indian tractor industry. Sonalika has assembly plants in Brazil, Iran, Argentina, Algeria and Cameroon.
Operations.
It holds a 60% market share in Algeria, 22% in Nepal and 20% in Bangladesh. The company operates in over 120 countries and is one of the top Indian tractor exporters.