VST Tillers Tractors Limited has announced a technical supplier partnership with Monarch Tractors. The two companies have worked collaboratively for over a year on the technical development of tractor hardware for the first series of Monarch Tractors.
CEO of VST Antony Cherukara Spoke and informed Electric and driver-optional technology is the latest advancement in agriculture mechanisation and specifically tractor technology," adding he said, "VST Tillers Tractors Ltd. is excited to be part of this journey along with Monarch Tractor."
VST Tillers in its regulatory filing on Monday highlighted that farmers today face numerous challenges including labour shortages, effects of climate change, safety concerns, increased customer scrutiny for sustainability demands, government regulations, and more. The award-winning Monarch Tractor addresses these issues by combining electrification, automation, machine learning, and data analysis to enhance farmer's existing operations, increase labour productivity and safety, and maximize yields to cut overhead costs and emissions.
Praveen Penmetsa, co-founder & CEO, Monarch Tractor. "Coupling Monarch's intelligence with tested hardware from an international brand in the compact tractor segment ensures our robust tractor exceeds global standards." And this ensures The Monarch Tractor offers incredible innovation in a compact form."
Monarch Tractor launched the world's first fully electric, driver-optional, smart tractor on December 8th, 2020 in the United States.
The duo focuses on providing solutions for customers in the compact tractor category.
At around 2.53 pm, VST Tillers was trading at Rs1945 per piece down by Rs49.30 or 2.4% on Sensex.