Escorts To Raise Tractor Prices By 1.5 PC From Jan

Tractor maker Escorts today said it would raise prices of its tractors by 1.5 per cent from January 2012 due to rising input cost.

The increase in prices is due to rising input cost especially that of steel and rubber. The average hike of 1.5 per cent, which effectively will raise prices of tractors by Rs 6,000-10,000 will be applicable from January 2012 onwards, a company statement said.

From: http://ping.fm/C0e9a