Thursday, Apr 18 2024 | Time 13:04 Hrs(IST)
image
Business EconomyPosted at: Jan 25 2020 4:04PM


VST Tillers Tractors joins hands with Czech Republic’s Zetor Tractors

Bengaluru, Jan 25 (UNI) VST Tillers Tractors expanding its global footprint ties up with Czech Republic’s Zetor Tractors, world’s largest tractors manufacturers.
VST Tillers Tractors Limited, pioneers in manufacturing of power tillers, tractors, engines, transmission, power reaper and precision components have their manufacturing units in Mysuru, Maluru (Kolar) & Hosur and corporate office at Bangalore has entered in to Memorandum of Understanding (MoU) with Zetor Tractors a.s. from Czech Republic which manufactures tractors, components, engines and transmission over seven having the registered office at Brno, Czech Republic.
According to a statement issued here on Saturday, these players with over 120 Years of combined experience agreed up on the joint product development, manufacturing and business plan for tractors with a horsepower greater than 36 HP for India and the global markets.
The key aspects of the MoU are Joint development of products, manufacturing of tractors by VST at its new high horsepower manufacturing, sale of the jointly developed product in both the Indian and global markets through a joint venture (JV) between VST Tillers Tractors Ltd and ZETOR TRACTORS a.s.
The jointly developed products would be sold through VST channel partners in India and Zetor channel partners in the international market.
VST Tillers Tractors Ltd Chairman VK Surendra informed that VST has always strived to get the best technology for the Indian farmers and it remains leader in the compact tractor segment and the power tiller segment; this MOU would enable VST to bring better technology in the higher horse power segment for the benefit of Indian farmers.
Mr Martin Blaškovič, Chairman, Zetor Tractors a.s. said that this MOU will explore the strengths of both the parties in product development and marketing and the JV will work towards offering the products and solutions to both India and International market keeping customer requirement first.
Mr. Antony Cherukara, CEO, VST Tillers Tractors Ltd said that VST tractors is a household name in compact tractor segment in domestic market, being first to launch the 4WD tractors in Indian Market. VST Tractors are also marketed as “Field trac Brand “in various markets of European union meeting the latest EU standards and expanded its presence over more than 30 countries. This MOU will help VST further expand with its portfolio in the international market.
India is a major focus market for ZETOR TRACTORS a.s. and Zetor already has a long history in India with their earlier collaboration with erst while HMT Ltd and products like HMT 5911 was very popular in India. Zetor Tractors currently exports to more than 56 countries and has a customer base of 1.3 million globally, Mr Robert Harman, MD, Zetor India further added.
UNI BSP ASN 1603
Please log in to get detailed story.
Tags: #VST Tillers Tractors joins hands with Czech Republic’s Zetor Tractors
More News
Sensex up over 200 points

Sensex up over 200 points

18 Apr 2024 | 12:06 PM

Mumbai, Apr 18 (UNI) Snapping a losing streak of the last three sessions, the BSE Sensex on Thursday gained 240 points to open at 73183.10 on the strength of commodities, utilities, and auto stocks.

see more..

Ola Electric enters mass-market segment with S1 X range of scooters

17 Apr 2024 | 8:20 PM

Mumbai, Apr 17 (UNI) Auto maker Ola Electric has entered into the mass market segment by announcing new prices for its S1 X portfolio, along with delivery details, of the scooters.

see more..

17 Apr 2024 | 7:45 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..

17 Apr 2024 | 7:31 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..

Premier Energies Photovoltaic Private Ltd secures export order from Amara Raja Infra for Bangladesh project

17 Apr 2024 | 7:23 PM

Kolkata, Apr 17 (UNI) Premier Energies Photovoltaic Private Limited, a wholly owned subsidiary of Premier Energies Limited (PEL), India’s second largest integrated solar cell and solar module manufacturer, has achieved another milestone by securing a 140 megawatt (MW) Solar PV Modules supply export order from Amara Raja Infra Private Limited for an EPC project in Bangladesh.

see more..
image