RPT-India's Mahindra: likely to raise tractor prices soon

Newswire

(Repeats story issued late on Wednesday) (Adds details, background) NEW DELHI, Aug 20 (Reuters) - Indian utility vehicle maker Mahindra & Mahindra Ltd expects to raise tractor prices in the next three months due to higher prices of steel, the alloy used in their manufacture, 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 unit, told reporters. ...

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