SME Times is powered by   
Search News
Just in:   • Dec gems, jewellery exports up 29% against pre-pandemic 2019  • Startups seek friendly policies, tax incentives  • Increase regulatory focus on cryptocurrency: Pre-Budget survey  • Shree Cement to decide on FY22 interim dividend on Feb 4 Board meet  • Cuba maintains stable rate of daily Covid-19 infections 
Last updated: 27 Sep, 2014  

tracter.thumb.jpg VST to roll out mini tractors for small farmers

   Top Stories
» Dec gems, jewellery exports up 29% against pre-pandemic 2019
» Startups seek friendly policies, tax incentives
» Relief to individuals expected to mitigate inflation, unemployment
» Enhancement in basic income tax exemption limit of Rs 2.5 lakh highly awaited
» 'Indian MSMEs have manufacturing cost advantage in global value chain'
SME Times News Bureau | 26 Apr, 2014
VST Tillers Tractors Ltd Friday commissioned its Rs.70-crore plant here to manufacture four-wheel drive mini tractors for small farmers in the country.

Located on a 14.6-acre land in the state-run Sipcot industrial complex in Hosur, about 40 km from Karnataka's capital Bangalore across the border, the plant has an installed capacity to roll out about 36,000 mini tractors per annum.

"We are the only company which manufactures various kinds of machinery, including power tillers, tractors and diesel engines for small and marginal farmers who can take to mechanised farming in place of farm labour, which has become a scarce commodity," B.C.S. Iyengar, VST executive director, told reporters on the occasion.

The 46-year-old Bangalore-based company has tied up with Mitsubishi Heavy Industries of Japan for technical collaboration.

"Our two mini tractor models with 18.5 horsepower (HP) and 22 HP are ideally suited to small and marginal farmers as they are affordably priced and versatile to use in many farm-related applications," Iyengar said.

The twin models were used extensively during trials for spraying application in vineyards and horticultural products in Maharashtra and on cotton fields in Gujarat.

"The compact model tractor can be used for puddling operation, dry tilling, cultivation, mould board plough, spraying pesticides, redging and transportation," Iyengar pointed out.

"Our compact models have been designed for multi-purpose functions as they have lower turning radius, vibration free, easy to operate and can be used in all seasons with lower diesel consumption," he said.

The company is expanding its marketing network to reach out farmers in other parts of the country and help them improve yields.

"With the launch of these two models, we are targeting a sales turnover of Rs.1,000 crore over the next couple of years from Rs.600 crore we achieved in 2013-14 fiscal," he added.

Though India is the world's largest tractor market, the industry sold 5,90,672 units in 2012-13 as against 6,07,658 units in 2011-12 due to sluggish growth in the farm sector.

"We expect the industry to bounce back with the farm sector doing better after a good monsoon last fiscal. With the availability of labour and its cost becoming a challenge, low-cost mechanisation will fuel growth for power tillers and low HP tractors," Iyengar added.

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 24 Jan, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Anchor to roll out electrical devices at Haridwar(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter