VST Tillers to launch 3 tractors in JV with HTC Investments; share price flat

VST Tillers Tractors’ sales in September drops 1% YoY to 2,627 units.

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VST Tillers Tractors shares were trading flat in the early trade on October 4.  The company is going to launches new tractors in collaboration with HTC Investments.

At 09:28 am, VST Tillers Tractors was quoting at Rs 3,681.55, down Rs 8.15, or 0.22 percent on the BSE.

The two farm equipment manufacturing firm formed a joint venture named “VST ZETOR Private Limited”, which will be initially launching three tractors, VST ZETOR 4211, VST ZETOR 4511, and VST ZETOR 5011 in the 40-50 HP range.

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The jointly developed products from VST & ZETOR will be soon available to Indian farmers through their channel partners.

“Our partnership with ZETOR has helped us to bring out products that offer more productivity, comfort, and ease to match the aspiration of new-age farmers. With modern farmers embracing newer technologies with speed and efficiency, the VST ZETOR is developed to deliver best-inclass performance for better earnings to the farmer,” said Antony Cherukara, CEO, VST Tillers Tractors.

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VST Tillers Tractors’ sales in September drops 1 percent YoY to 2,627 units.

The company’s total sales in September 2023 were down 1 percent at 2,627 units compared to 2,656 units sold in same month last year.

Power tillers sales at 2,092 units increased by 1.06 percent, but tractors sales dropped 8.7 percent YoY to 535 units.

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