In the early trade on November 16, VST Tillers share price witnessed a 1% rise, propelled by the company’s unveiling of three new tractors, including its self-developed electric tractor, at Agritechnica 2023 in Germany.
By 12:40 pm, VST Tillers Tractors was showcasing a robust surge of 5.94%, reaching ₹4,005.00 on NSE.
The trio of new tractors introduced by VST Tillers includes the 929 EV, the 932 DI equipped with a Stage V engine, and the 929 featuring HST Transmission. Additionally, the company presented its cutting-edge Stage V engine (24.5hp) at Agritechnica 2023 in Hanover, all falling under the Fieldtrac brand.
Notably, in the September quarter, the tractor manufacturer reported an impressive 60% year-on-year increase in net profit, totaling Rs 36.45 crore.
