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The price hike is to partially offset the impact of cost inflation, said the tractor maker.
The increase in prices would vary across models/variants and geographies.
Escorts Kubota is an engineering conglomerate. The company has diversified business across three different verticals viz., agri machinery, construction equipment & railway equipment division
The company reported 8.26% decline in standalone net profit to Rs 185.47 crore despite a 16.76% rise in revenue from operations to Rs 2,182.95 crore in Q4 FY23 over Q4 FY22.
The scrip shed 0.01% to Rs 2,070.40 on the BSE.
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