Besides, power tillers sales jumped to 761 units in April 2020, up 163 per cent YoY, from 289 units sold in April 2019. Tractor sales, however, contracted by 24.07 per cent to 328 units in April 2020 from 432 units in April 2019.
Analysts, however, expect the tractor segment to benefit from a bumper Rabi production. Besides, forecast of a normal monsoon augurs well for rural incomes.
Additionally, VST Tillers Tractors
had entered into a strategic alliance with French firm Pubert's Indian arm last month to provide agri-support to Indian farmers at affordable prices. Pubert is a worldwide leader in the conception and fabrication of machines, for the soils and gardens maintenance. VST, on the other hand, is the leader in the power tiller industry with over 50 per cent market share.
Till 01:43 pm, a combined 135,000 shares have changed hands on the counter and there were pending buy orders for around 17,000 shares on the NSE and BSE.