te Escorts Kubota to hike tractor prices by 1-2% from next week - Details | Zee Business

Escorts Kubota to hike tractor prices by 1-2% from next week - Details

The price hike with effect from November 16 is to offset the impact of the cost inflation in both commodity and other costs, the company said in a regulatory filing.

Escorts Kubota to hike tractor prices by 1-2% from next week - Details
When contacted, a company spokesperson said the price hike will be in the range of 1-2 per cent, depending on the models. (Representative image from Pixabay)

Escorts Agri Machinery (EAM), a division of Escorts Kubota, on Tuesday said it will increase tractor prices by 1-2 per cent next week.

The price hike with effect from November 16 is to offset the impact of the cost inflation in both commodity and other costs, the company said in a regulatory filing.

The increase in prices would vary across models and variants, it added.

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When contacted, a company spokesperson said the price hike will be in the range of 1-2 per cent, depending on the models.

Escorts Kubota sells tractors under the Farmtrac and Powertrac brands.

Reported By: PTI
Written By: PTI
Updated: Tue, Nov 08, 2022
09:06 pm
PTI
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