Mahindra says likely to raise tractor prices soon

Newswire

NEW DELHI, Aug 20 (Reuters) - Utility vehicle maker Mahindra & Mahindra Ltd expects to raise tractor prices in the next three months due to higher steel prices, a senior official said on Wednesday. "There is a very high probability that it will happen in the next three months," Gautam Nagwekar, chief operating officer for Mahindra's farm equipment sector unit, told reporters. He declined to say by how much prices would be raised. The firm last lifted prices in July. (Reporting by ...

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