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Escorts Agri Machinery (EAM), division of Escorts Ltd, announced on Wednesday that it will increase the prices of its tractors effective April 1, 2021.
“There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the inflation. The increase in prices would vary across models and variants,” said a company statement.
EAM recently announced that it achieved the landmark sales of 1 lakh tractors in the current fiscal, surpassing the previous highest ever sales achieved in 2018-19.
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