Kubota Announces Tractor Price Increase Effective May 1

Escorts Kubota, a manufacturer of agricultural machinery and construction equipment, has announced a price increase for its tractor range effective May 1. The company did not disclose the exact price hike amount, which will vary by model, variant, and region. This news has resulted in a 2.11% increase in the company's share value on the BSE.

Farm machinery and construction equipment maker Escorts Kubota on Monday said it will hike prices of its tractor range with effect from May 1.

The agri-machinery business division shall be increasing the prices of tractors effective May 1, 2024 onwards, the company said in a regulatory filing.

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

The company, however, did not give the quantum of the price hike.

Shares of the company were trading 2.11 per cent up at Rs 3,173.25 apiece on the BSE.

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