Escorts Kubota to hike Tractor prices from 10th July

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Biznextindia : Tractor manufacturer Escorts Kubota has announced price hike effective from 10th July. The company has attributed the price hike to rise in commodity prices.

“Agri Machinery, division of Escorts Kubota Limited, shall be increasing the prices of its tractors effective 10th July 2022 There has been a steady rise in commodity prices necessitating a price hike to partially offset the rise in input cost due to continuing inflation. The increase in prices would vary across models and variants” the company said in a regulatory filing.

The company in June 2022 had sold 10,051 tractors as against 12,533 tractors sold in June 2021. Domestic tractor sales in June 2022 were at 9,265 tractors as against 11,956 tractors sold in June 2021. Export tractor sales in June 2022 was at 786 tractors against 577 tractors sold in June 2021, registering a growth of 36.2%.

 

 

 

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