VST Tractors Saw A 52.40% Drop In Tractor Sales In October'22

Recently, on November 1, 2022, VST tillers & tractors sales data was released by the company. As per the report, the company saw a total downfall in sales of 52.40% in tractors. As per the report, only 474 tractors were sold this October 2022 against 996 tractors in October 2021.

Look at the table below we’ve mentioned for your understanding.

VST Tractor Statistics- Oct’2022

VST Tiller statistics- Year to Date

VST Tractor and Tillers reported a 24.83% decrease in sales in October 2022 compared to October 2021. The reported figures for October 2021 were 1820 and 1368 for October 2022. The previous figures represented year-over-year sales data.

The data below shows the year-to-date sales of power tillers, which increased by 12.65%. In terms of numbers, 17175 power tillers were sold in 2021, while 19348 power tillers were sold in 2022.

As per the cumulative domestic sales report of all brands released recently, VST tillers & tractors sales were down by 48.6%.

About VST Tillers & Tractors 

The VST Group of Companies, a well-known century-old business house in South India, founded VST Tillers Tractors Ltd. in 1967. VST Group expanded into manufacturing and promoted VST Tillers Tractors in collaboration and joint venture with the Mitsubishi Group of Japan. The factory was established on the outskirts of Bangalore and initially produced single-cylinder diesel engines and power tillers (2–wheeled tractors).

VST entered into another technical and financial collaboration with Mitsubishi, Japan, in 1984, to produce a manufactured four-wheel drive tractor with rotary.

Despite having adopted new management techniques to meet global challenges, the VST Group's traditions and culture remain in this company. VST Tillers Tractors Ltd. has built an extensive and efficient countrywide sales and after-sales service network, supported by readily available spare parts. Periodic training programs are implemented for dealers and customers to keep them up to date on product improvements.

VST Tillers Tractors Ltd. has successfully launched global marketing of its products under India's liberalized economic policies and is guided by the conviction that quality products are marketable globally. It sells diesel engines, power tillers, and tractors in Asia, the Middle East, Africa, Europe, and the United States of America.

The company's product line includes:

• Tillers.
• Tractors.
• Engines powered by diesel.

The company's various divisions:

• Manufacturers of Mitsubishi Shakti Power Tillers, Tractors, and Diesel Engines in Bangalore.
• The Hosur Division manufactures Mitsubishi Shakti Power Tillers and Diesel Engines.
• Mysore Precision Components Division – Manufacturer of Diesel Engine Components and Precision Custom Made Auto Components.

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