Escorts Kubota to hike tractor price from July 10; Stock climbs 2%

7 Jul 2022 , 11:07 AM

Agri Machinery, division of Escorts Kubota Limited has announced on Thursday that  it shall be increasing the prices of its tractors effective July 10, 2022

As per the regulatory filing, 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.

On Thursday at around 11:10 AM, Escorts Kubota was trading at Rs1,592 per share up by Rs29.65 or 1.9% from its previous closing of Rs1,562.35 per share on the BSE. The scrip opened at Rs1,581.60 and has touched a high and low of Rs1,592 and Rs1,563.65 respectively so far today.