Faridabad: Escorts Kubota Limited on Tuesday announced price hike of its tractors effective 1st June 2023. The increase in prices would vary across models/variants and geographies.
“Escorts Kubota Limited – Agri Machinery Business Division, shall be increasing the prices of its tractors effective 1st June 2023. The price hike is to partially offset the impact of cost inflation. The increase in prices would vary across models/variants and geographies” the company said in a statement.
The company’s April tractor sales dropped by 9 percent to 7565 tractors from 8325 tractors in April 2022. Domestic tractor sales in April 2023 were at 7,252 tractors as against 7,676 tractors sold in April 2022. On the other hand, the company’s export sales dropped to 313 as against 649 tractors exported in April 2022.