Escorts to hike prices of tractors from April 20 to offset inflation impact

20 Apr 2022 , 09:16 AM

Escorts Limited stocks in focus on Wednesday’s trade after the intimation to the exchanges regarding price increase of Tractor.

As per regulatory filing, Escorts Agri Machinery (EAM), division of Escorts, shall be increasing the prices of its tractors effective April 20, 2022.

“There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the continuing inflation. Further, the increase in prices would vary across models and variants”, said company on Tuesday.

On Wednesday early morning trade, Escorts was trading at Rs1544.80 per piece lower by 0.04% on the BSE.