Escorts Ltd to hike prices of tractors within this month

Tractor manufacturer Escorts Ltd said on Tuesday that it would hike the prices of its products within this month, even as it looks for a 10-12 per cent growth for the fiscal 2007-08 (ending on September).

“The steel prices have been growing up and since late December we have already seen three price hikes and another fourth one is round the corner,” Escorts Ltd Executive Director and Chief Executive Officer Rohtash Mal told reporters on the sidelines of CII marketing summit here. He, however, declined to comment on the quantum of the price hike. Read more
Courtesy: economictimes.indiatimes.com

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