VST Tillers Tractors Ltd Revenue and Competitors

V.S.T.Tillers Tractors Ltd was promoted by VST Motors, as a joint venture ( and Technical collaboration) with Mitsubishi Heavy Industries Ltd, Japan. The company is now the largest manufacturer of Power Tillers in India. From the time of inception in 1967 by the founder Managing Director, Sri V.T.Velu, the company has had a steady growth. The manufacturing of key components for the Engine for both Power Tiller and Tractor takes place in the Precision Components Division located in Mysore. The company has a network of about 200 dealers and 300 vendors all over India most of whom have been associated with the company over several decades. While the company continues to be the leader in the Power tiller industry with about 45% market share, its pioneering efforts for introduction of compact tractors have been recognized all over India under the brand name of VST Mitsubishi Shakti. The company has since introduced mechanized Rice transplanter and reapers. The company also exports its products to Africa, Russia, Myanmar and other countries while component parts are exported to UK and Europe. The close knit and committed human resources have been the strong edifice of the company. The continuing need for growth in Agriculture and the scarcity of rural labour will be the key drivers for the future growth. With four decades of experience in the field as well as its competitive edge, the company has limitless opportunities to expand the business and as such is poised to take a big leap forward.