Mahindra & Mahindra’s Farm Equipment Sector, part of the USD 19.4 billion Mahindra Group, today officially announced that the company will increase the price of its range of tractors across models which will be 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", says company officials.
Moreover, M&M had announced last week, it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the impact of rise in input costs.
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.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise
Media contact information
Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Landline – + 91 22 28468510
Email – nair.mohan@mahindra.com
