VST Tillers Tractors declared a good set of JUNE sales numbers. In an interview to CNBC-TV18, KU Subbaiah, CEO of the company spoke about the numbers and latest happenings in the company.
In an interview to CNBC-TV18, KU Subbaiah, CEO of VST Tillers Tractors and Sumit Mazumder, Executive Chairman & MD of TIL gave a ground check on the current demand for farm and agricultural equipment and spoke about the kind of growth industry is expecting post the IMD's revision.
Watch the interview of Kiran Mazumdar-Shaw, CMD of Biocon, Rakesh Biyani, Joint MD at Future Retail, Gnanesh Gala of Navneet Education, Harsh Mariwala of Marico, Bharat Madan, Group CFO at Escorts and KU Subbiah, CFO, VST Tillers Tractors in which they shared their views on how goods and services tax (GST) will impact businesses across the country.
In an interview to CNBC-TV18, VP Mahendra, VC & MD of VST Tillers Tractors spoke about the latest happenings in his company.
Tractor sales improved in the month of August and expect the same to continue in September as well, says KU Subbaiah, CEO of VST Tillers Tractors.
Tillers industry is heavily subsidy-dependent and the farmers will continue to wait for the states to come out with favourable schemes, says KU Subbaiah, CEO of VST Tillers.
VST has grown its market share in the tillers business by 5 percent to 55 percent. However, presence in relatively smaller-range tractors has kept their market share low in that business, says VP Mahendra, the company's vice chairman and managing director.
BCS Iyengar, director, VST Tillers Tractors says tractor sales have balanced the losses and the company is now at par with its last year sales figures.
BC Iyengar, Executive Director of VST Tillers & Tractors tells CNBC-TV18 that the biggest problem today for agriculturalists is the lack of labour. “Nobody wants to work in farms. That is what is really driving the mechanization of agricultural practices,” he says