Indian Company Profile: VST Tillers Tractors (March 2015)
Off-Highway Research's Company Profiles are objective analyses of major construction equipment manufacturers or component suppliers.
Typical coverage includes:
|Company Structure||Manufacturing Facilities||Component Sourcing|
|Ownership||Marketing and Distribution||Production|
|Financial Analysis||Research and Development||Employees|
This study profiles VST Tillers Tractors Ltd (VTTL), a well-known domestic supplier of agricultural tractors, power trans-planters and power tillers. The company is a part of the Bengaluru-based VST Group of Companies.
The VST Group is engaged in multiple businesses, which besides construction and agricultural equipment include building and construction, manufacturing, petroleum retail, automobile dealerships, auto parts distribution and finance. The group recently celebrated its 100 years of operations.
Over the last decade, as the mechanisation of agriculture has gained momentum in the country, VTTL has steadily consolidated its position in the domestic market. The company has continuously expanded its product range, and intends to add new product lines in the future. It is now concentrating on expanding its production facilities, and is working on a strategy of continuous growth in this rapidly expanding market.
This is Off-Highway Research’s first profile of VST Tillers Tractors, which focuses on its agricultural tractor business. It explains the recent growth in the company’s business activities, and identifies the direction that it intends to take in the future.