Escorts to increase tractors price effective Nov 21


Escorts Agri Machinery (EAM), division of Escorts, shall be increasing the prices of its tractors effective November 21, 2021, company said in its release.

There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the continuing inflation. The increase in prices would vary across models and variants, it added.

A meeting of the board of directors of Escorts is scheduled to be held on November 18, 2021, to consider and evaluate proposals for raising funds.

Escorts touched a 52-week high of Rs 1,660 and was quoting at Rs 1,641, down Rs 0.85, or 0.05 percent.

News Source:- Moneycontrol

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