Indian farmers buying farm equipment like power tillers (46,000 p.a.)
Chinese firms expand dominance in Indian farm equipment market
Mahesh Kulkarni / Bangalore December 4, 2010, 0:00 IST
According to BCS Iyengar, Executive Director of VST Tillers, the overall market for power tillers is estimated to be in the region of 46,000 units per annum and growing at over 20 per cent annually. “During the current fiscal, we expect the market to witness 25 per cent growth. The acute shortage of farm labour and cost-effectiveness of the machines will give a push to the sales of power tillers,” he said.
More than half a dozen companies from China and Japan have entered into a dealership arrangement with over 20 firms in India to distribute their power tillers. Major among them are Sifang and Dong Feng from China and Mitsubishi, Kubota and Manam from Japan. Mitsubishi has even set up a joint venture company with Bangalore-based VST Tillers to make a wide range of power tillers.
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