Sonalika Tractors, one of the leading tractor manufacturers in the country laid the foundation stone for two new plants in Hoshiarpur, Punjab.
The company says it will invest Rs 1,000 crore in setting up a new tractor assembly plant and additionally, Rs 300 crore for setting up a new high-pressure foundry.
The new tractor assembly facility will exclusively focus on Sonalika group’s export commitments and will increase the company’s annual capacity by additional 100,000 tractors once fully operational. In addition, the new cutting-edge facility DRAS – a High-Pressure Foundry Plant – will be the largest casting plant in North India once ready. It will solidify the company’s position as the proud owner of the largest integrated tractor plant globally.
Dr. Amrit Sagar Mittal, Vice-Chairman, Sonalika Tractors said, “Sonalika’s fresh round of investments in the Hoshiarpur will pave way for further solidifying our position as the proud owner of world’s largest tractor manufacturing facility. The government’s support has been phenomenal, particularly through its single-window channel for facilitating the establishment of new projects in Punjab. The collaborative efforts between the private sector and the government are fostering a conducive environment for business growth and innovation.”
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.”
The Punjab Chief Minister also toured the existing tractor production facility, which is the world’s largest tractor manufacturing plant that rolls out a new tractor every 2 minutes.
The ground breaking ceremony was attended by Bhagwant Mann, Chief Minister of Punjab.
