CII Titled VST Tillers Tractors Ltd As One Of India's Most Innovative Companies

The Confederation of Indian Industry (CII) titled VST Tillers Tractors one of the Top 50 Most Innovative Companies in India.

On December 3rd, during the virtual CII Advanced Materials Summit 2022, VST received the "CII Industrial Innovation Awards 2022." The award assesses the company's overall innovation culture, including management innovation, innovation inputs, innovation results, processes, products, services, technologies, and approaches that produced quantifiable results.

The Enterprise Innovation Maturity Framework, a model created by CII, is a tool that the Industrial Innovation Awards hope to use to assist the Indian Industry in adopting a structured innovation process. The Awards not only honor the Indian industry's innovators but also help them become more competitive in both domestic and international markets.

Moving further, Mr. Antony Cherukara, CEO of VST Tillers Tractors Ltd., accepted the award and said "Being listed among the top 50 most innovative companies in India for the second year in a row is an absolute honor for us. We are overjoyed to receive this Excellence in Innovation Award from CII. At VST, we continuously strive to invent, produce ground-breaking results, and provide the best-in-class solutions for the Indian farming community. This honor demonstrates our dedication to providing the farming community with premium, cutting-edge, and sustainable products."

The CII Industrial Innovation Awards were established in 2014 to recognize and honor innovative Indian businesses operating in a variety of industry sectors. The Awards give businesses a chance to stand out and become well-known on a national and international level for their cutting-edge goods and services. These prizes have made a name for themselves as one of the most sought-after innovation awards in the nation over the past seven years in a row.

Over time, CII developed an Enterprise Innovation Maturity Framework that serves as the foundation for evaluating businesses that apply for CII Industrial Innovation Awards. With this framework in place, businesses can participate in various stages of the award process and learn about best practices for innovation.

VST recently released its November 2022 tractor sales data. VST, the well-known tractor brand, sold 547 tractors in November 2022, up from 496 in November 2021. Due to the ongoing demand for tractors in India, the tractor brand saw high demand even after the festive season.

Furthermore, in November 2022, VST sold 2045 power tillers, compared to 2227 power tillers in November 2021.

As of the most recent BSE trading, shares of V.S.T. Tillers Tractors Limited were last trading at Rs. 2373.05, down from the previous close of Rs. 2328.40. 725 shares in all were traded throughout the day in more than 341 trades.

The stock's intraday high and low were Rs. 2386.40 and Rs. 2305.00, respectively. The day's net turnover was Rs. 1704998.00.

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