Chennai: VST Tillers Tractors Ltd, one of India’s leading farm equipment manufacturers, today announced the launch of the Series 9 Range of Compact Tractors, 18 HP upwards and is targetting Rs 3,000 crore revenue by 2026 by entering the US market in the next two years.
The company, with the aim of further establishing its leadership position in the 4WD Compact Tractor segment in the country, designed and developed the new series of tractors at its Hosur plant in Tamil Nadu.
The six new models, in the range of 18HP to 36HP will be available from this month itself.
The tractors are named, starting with “9”, VST 918 (18.5 HP), VST 922 (22 HP), VST 927 (24 HP), VST 929 (28 HP), VST 932 (30 HP), VST 939 (36 HP).
Company CEO Antony Cherukara said VST Tillers Tractors will be launching a dozen products this year.
The 3 new higher HP tractors will be launched in September and 3 tractors will be launched in Germany including an Electric Tractor in November.
An investment of Rs.100 crore in R&D is planned and a Global R&D center will be set up, he said.
During the last 3 years VST attained 30℅ growth and was expecting to grow 20% in the next four years.
Stating that VST is the only company that has 2hp to 50hp products, he said in the next two years it will enter the US market and the company is on target to achieve Rs.3,000 crore revenue by 2026.
He also said VST will be launching more products for small and marginal farmers considering that the compact tractor segment in India is about 55,000 to 60,000 tractors per year.
During the last 3-4 years VST had invested Rs.100 crore in product development and would be expanding to 2000 dealerships soon from the current 1000 dealerships.
Series 9 by VST is “The Most Advanced Compact Range” with international design and technological integration to address the growing needs of farm mechanization in Orchard, Horticulture as well as Traditional Agriculture Crops and non- agriculture field. The Segment’s first features in the industry will make Series 9 as the right choice for aspiring farmers.
VST’s new multi-utility compact tractors have several firsts to their credit including an independent PTO, MID PTO, Reverse PTO, fully Synchromesh Gearbox, Electro-Hydraulic Controls (EHC), and Dual Track width Option with selective models. By adopting advanced technology, the new range provides increased comfort for the operator. The EHC feature enables the driver to control the implements with the touch of a button. Its narrowest track width with Dual options and short turning radius allows farmers to navigate narrow spaces easily while working with different crops, considerably increasing productivity and reducing crop damage.
VST’s feature-filled Series 9 tractor range comes with a state-of-the-art design and optimal dimensions making it the REAL LIGHT WEIGHT Tractor. Operating these tractors is very easy and hassle-free. The series is equipped with a best-in-Class Engine delivering best-in-class power, torque, and mileage.
The ergonomics of the new VST Series 9 Tractors include raised platform, a premium look, projector headlamps, a heat protector shield, a new-generation instrument cluster, deluxe seat, and a short turning radius. These versatile tractors are suitable for a wide range of applications and can be used with tillers, rotavators, MB plough, ridger, duck foot cultivators, sprayers, loaders, haulage, thresher, genset, and many more.
“With this launch, we now have a complete range of compact tractors, and we are confident that these products will further cement our leadership position in the compact tractor market”, Mr Antony Cherukara said.
Progressing on the path of exponential growth by adopting a Fast & Future ready approach, a premium series of VST-Zetor will also be launched in the coming months to offer a wide range of products to the farmers and business associates.
