Escorts to increase tractor prices from April

Escorts Agri Machinery (EAM), a division of Escorts Ltd, on Wednesday said it will increase tractor prices with effect from next month. There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the inflation, said said in a regulatory filing.

The increase in prices would vary across models and variants, it added.

Various carmakers like , Nissan and two wheeler major have already announced to hike prices from April.