VST Tillers

A normal monsoon, as predicted by the India Meteorological Department (IMD), is likely to boost farmers' income which may drive up tractor demand, analysts said

The company announced its March sales data at the beginning of the month. Total sales plunged to 4,823 units in March 2024, from 6,468 units in March 2023

Volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak

The company registered a rise in its YTD sales data until November 2023, which stood at 22,875 units, 6.9% more when compared to 21,393 units sold during the same period last year

The company has entered into a Master Service agreement with US-based Solectrac Inc. to jointly develop electric power tiller and other agricultural machineries

Currently, overall power tiller industry in India is around 60,000 units and it is expected to grow to 100,000 units by the year 2025, VST Tillers said.

The company has entered into agreement with Government of Karnataka for establishment of Custom Hire & Service Centres