VST Tillers & Tractors to Set Up Global Tech Centre in Hosur with ₹100 Crore Investment

Key Highlights

• ₹100 crore investment for global tech centre in Hosur.
• Focus on EV innovations and advanced technologies.
• Expansion into the US market with VST Americas Inc.
• Presence in over 40 countries worldwide.
• International revenue grew to 13.5% in FY24.

VST Tillers & Tractors, a prominent name in the farm equipment and tractor industry, is planning to establish a global tech centre in Hosur, Tamil Nadu, at an investment of ₹100 crore. This new facility will focus on accelerating electric vehicle (EV) innovations, developing advanced technologies, and enhancing testing capabilities. The centre will also promote international collaborations, making it a key hub for research and development.

Also Read: VST Tractor Sales Report August 2024: 394 Tractors and 4,022 Power Tillers Sold

The company's primary focus will be on electric powertrains, battery technologies, and advanced driver assistance systems, ensuring the development of safe and reliable electric vehicles for the agricultural sector. Over the past few years, VST has already invested ₹100 crore in R&D, with more investments planned for the future to meet the evolving needs of farmers.

Additionally, VST is expanding its global presence, particularly in the US market, where it recently launched a subsidiary, VST Americas Inc. The company plans to introduce its products in the US by FY26, opening up new growth opportunities. VST is currently active in over 40 countries, with international business accounting for 13.5% of its revenue in FY24.

By establishing this global tech centre, VST aims to lead the industry with cutting-edge solutions that drive the future of farm machinery and equipment.

Also Read: Mahindra Showcases CBG-Powered Tractor in New Delhi for Eco-Friendly Farming

CMV360 Says

With its new global tech centre in Hosur, Tamil Nadu VST Tillers & Tractors is set to accelerate EV innovations and expand its global reach. This investment will enable the company to develop cutting-edge solutions for the agriculture or agricultural sector, positioning it as a leader in advanced farming technologies worldwide.