New Delhi, Nov 8 (PTI) Escorts Agri Machinery (EAM), a division of Escorts Kubota, on Tuesday said it will increase tractor prices next week.

The price hike with effect from November 16 is to offset the impact of the cost inflation in both commodity and other costs, the company said in a regulatory filing.

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The increase in prices would vary across models and variants, it stated without elaborating on the exact quantum of the hike.

Escorts Kubota sells tractors under the Farmtrac and Powertrac brands.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)