Mahindra & Mahindra
After passenger and commercial vehicles, Mahindra hikes price of its tractors
Mumbai/IBNS: Mahindra & Mahindra (M&M) will increase the price of its tractors across range in order to accommodate the rise in input costs, the company said in a statement on Monday.
Mahindra & Mahindra’s Farm Equipment Sector said the company will increase the price of its range of tractors across models effective from January 1, 2021. This has been necessitated due to the increase in commodity prices, the company added.
Details of the price increase across different models will be communicated in due course, M&M said.
Last week the automobile giant said it will hike the price of its range of passenger and commercial vehicles from next month in order to partially offset the rise in input costs.
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