Escorts to increase tractor prices from Nov 21

Photo:ESCORTS

Big blow to farmers, tractor manufacturer Escorts will increase prices from November 21

New Delhi. The farmers have got a big setback, hoping for better Rabi yields. Tractors used for various farming purposes are now going to be expensive. escorts agriculture & construction equipment company ltd. It is going to increase the prices of its tractors from 21st November. The company is taking this step due to rising commodity prices.

It has been said in the information sent to the stock exchanges that the company’s division Escorts Agri Machinery (EAM) is going to increase the prices of its tractors from November 21. However, the company has not told how much this price increase will be. The company, in a separate communication to the stock exchanges, said its board of directors will meet on November 18 to consider the proposal to raise funds by issuing bonds, debentures and non-convertible debt products etc.

Maruti in preparation to launch CNG models

The country’s largest passenger vehicle manufacturer Maruti Suzuki India plans to introduce more CNG models in its product range. Maruti Suzuki India (MSI) has made this plan in view of the prospects of higher demand for CNG vehicles amid rise in fuel prices and decline in sales of diesel cars. It is going to include more CNG vehicles in all its product range. Maruti has sold around 1.62 lakh CNG cars in the last financial year. The company is also counting on the rapid expansion of CNG distribution outlets across the country to bring in more CNG products.

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