These players with over 120 years of combined experience agreed upon the joint product development, manufacturing and business plan for tractors with a horsepower greater than 36 HP for India and global markets. The key aspects of the MOU are as follows:
1. Joint development of Products.
2. Manufacturing of tractors by VST at its new high horsepower manufacturing facility.
3. Marketing of the jointly developed product in both the Indian and global markets through a JV
between VST Tillers Tractors Ltd. and ZETOR TRACTORS a.s. The jointly developed products would
be sold through VST channel partners in India and Zetor channel partners in the international
market.
4. Explore marketing of VST products through channel in the global market.
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