VST Tillers Tractors is eyeing to close this fiscal with a record topline of Rs 1,000 crore on better sales of its cash-cow tillers and rising demand for its compact tractors.
The Bengaluru-headquartered company, part of the VST Group, closed the pandemic-hit FY21 with a record revenue of Rs 764.24 crore (thus far the highest was Rs 677.7 crore in FY17), up from Rs 543.7 crore in FY19. This was achieved as the lockdowns did not affect the farming sector as much as it did the industry and on the back of a very good monsoon.
VST Tillers Tractors was incorporated in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.
Company Name | CMP |
---|---|
Escorts Kubota | 3443.00 |
VST Tillers Tractors | 3432.60 |
Indo Farm Equipment | |
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