homevideos Newsagriculture NewsExpect better numbers in tractor segment in the coming quarter, says VST Tillers
Expect better numbers in tractor segment in the coming quarter, says VST Tillers
VST Tillers is expecting better sales in the tractor segment in the coming quarters as the month has begun well and "footfalls are better at dealerships", said Antony Cherukara, CEO of the company.
Sales for the tiller segment continued to remain weak for VST Tillers in September as well — for the third consecutive month.
Stating the reason behind the segment being under pressure, Cherukara said the power tiller segment is dependent on government subsidies and this year, the subsidies from most of the states haven’t come.
However, Cherukara said there is a positive indication that the subsidies will be released. “We are expecting that it happens faster. The monsoon has been good and farmers are looking forward to subsidies and we expect that to happen in quarter three."
With regards to the tractor market, he said there is a positive movement from states like Maharashtra, Gujarat which had faced drought in the last three years.
Talking about new launches, he said the company has launched the higher horsepower tractor in the 45 and 49 horsepower segments.
First Published: Oct 9, 2019 9:51 AM IST
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