The company, however, has not revealed the details of the price increase and has said in a regulatory filing that it will communicate the same in due course.
"Mahindra & Mahindra's farm equipment sector today 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," it said.
The announcement comes days after the automobile major said that it will increase the price of its
Shares of Mahindra & Mahindra on the BSE are currently trading at ₹711.00, lower by ₹21.05 or 2.88% from its previous close.
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