VST Tillers Tractors surges 9% on strong December sales


tractors, agriculture, farmers



  VST Tillers Tractors surged 9% to Rs 2,673, also its record high on the BSE, after the company recorded a strong sales growth of 79% at 3,615 units in the month of December 2017. It had sold total 2,018 units in December 2016 and 2,922 units in November 2017.

The sales of power tillers more-than-doubled as the company has sold 3,004 units of power tillers for the month, against 1,407 units sold in the same month last year. Tractors sales of the company remained unchanged at 611 units in both the months.

VST Tillers Tractors was promoted by VST Motors as a joint venture with Mitsubishi Heavy Industries Ltd, Japan. The company is now the largest manufacturer of power tillers in India.

The trading volumes on the counter more than doubled with a combined 25,785 shares changed hands on the BSE and NSE till 10:33 AM.