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Escorts Kubota to hike tractor prices from May 1

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NewsDrum Desk
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Agriculture Farm Equipment Farmers

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New Delhi: Farm machinery and construction equipment maker Escorts Kubota on Monday said it will hike prices of its tractor range with effect from May 1.

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The agri-machinery business division shall be increasing the prices of tractors effective May 1, 2024 onwards, the company said in a regulatory filing.

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

The company, however, did not give the quantum of the price hike.

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Shares of the company were trading 2.11 per cent up at Rs 3,173.25 apiece on the BSE.

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