Mahindra to hike tractor prices from new year
Mumbai: Mahindra & Mahindra’s Farm Equipment Sector, part of the USD 19.4 billion Mahindra Group, announced that effective January 1, 2021, the company will increase the price of its range of tractors, across models. This has been necessitated due to the increase in commodity prices.
Mohan Nair, Vice President (Communications), Mahindra & Mahindra Ltd has informed this in a press statement. Details of the price increase across different models will be communicated in due course.
The Mahindra Group is a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities.
It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume. It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development. Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.