Current Date: 22 Dec, 2024

VST Tillers to Invest Rs 100 Crore in Global Tech Centre at Hosur

VST Tillers & Tractors is set to bolster its R&D capabilities with the establishment of a global tech centre in Hosur, Tamil Nadu, at an investment of Rs 100 crore. The centre will be developed in phases and will serve as the company's primary hub for innovation, particularly in electric vehicle (EV) technology.

The tech centre will focus on developing electric powertrains, battery technologies, and advanced driver assistance systems (ADAS) for EVs. It will also enhance the company’s testing capabilities and foster international collaborations, accelerating VST’s push towards EV innovation.

Over the past few years, VST has already invested Rs 100 crore in R&D, which has enabled the company to work on around 10 new products, including EV models tailored to the needs of modern farmers.

With a presence in over 40 countries, including Europe, Asia, and Africa, VST continues to expand its global footprint. In April, it established a wholly-owned subsidiary, VST Americas, to cater to the U.S. market in the tractor and farm machinery segment.

This new investment underscores VST’s commitment to advancing technology and addressing the evolving demands of the agricultural sector worldwide.

News by Rahul Yelligetti

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Source : Projxnews