Escorts Kubota to hike tractor prices from May, stock rises 2.3%

Following the announcement, the price of the tractor maker's stock went up by 2.33 percent to Rs 3,180.05 at 11:06 am on BSE today.

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26 Aug, 2025 12:21

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Escorts Kubota plans to raise the prices of its tractors from next month, the automaker announced on April 22 in an exchange filing.

The firm said its agriculture machinery business division will hike the prices from May 1 and the change will be across its models and regions.

Following the announcement, the price of Escorts Kubota stock went up by 2.33 percent to Rs 3,180.05 at 11:06am on BSE on April 22.

Early this month, the firm witnessed a fall of 16 percent in its March 2024 sales compared to March 2023, according to its business update.

According to the company, the decline in sales was because of the shift in Chaitra Navratri festival to April, last season’s erratic monsoon and low reservoir water levels. The automaker said these factors affected the agricultural sentiments in central and southern regions of the country, which delayed the harvesting of rabi crops.

“As early signs point to an above-average monsoon in FY25, we anticipate that demand will stabilise post-elections,” the April 1 had filing said.