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