VST Tillers Tractors zooms on crossing production of 500,000 power tillers at Malur plant!
Shares of the company have gained more than 15 per cent in the today’s trade.
Production milestone of 500,000
VST Tillers Tractors (VST) has crossed a production milestone of 500,000 power tillers from its state-of-the-art manufacturing plant at Malur - Benguluru in Karnataka. The milestone is a testimony to the customer’s confidence in the VST power tillers. The VST power Tillers has very high customer loyalty and trust, built around the value of being authentic and powerful.
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 is the leader in the segment and holds a market share of over 65% in the country. VST is focusing on small farm mechanization and has introduced a wide range of smart farm machines for small and marginal farmers. The company has introduced the electric start power tiller in 16 HP & 9 HP category, range of power weeders, which start from 3.5 hp to 8 hp, range of brush cutters, multi-crop reaper, for the segment.
Share price movement of VST Tillers Tractors Limited
Today, the stock opened at Rs 2197.75, with a high and low of Rs 2572.00 and Rs 2197.75. The stock previously closed at Rs 2170.60. The stock closed today, trading at Rs 2332.55, up by 7.46 per cent.
The stock has a 52-week high of Rs 2895.50 and a 52-week low of Rs 2046.55. The company has a market capitalisation of Rs 2,015.21 crore.
Company profile
VST Tillers Tractors Ltd. was established in the year 1967 by the VST Group of companies, a well-known century-old business house in South India. The founder of the group was Sri V.S. Thiruvengadaswamy Mudaliar.
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