M&M Tractor Business

While the food prices continue to remain high, the company believes that a better compensation for farmers would create a positive sentiment and lift demand for tractors and agri-implements

Analysts consider the south-west monsoon to be the lifeline of India's agri-based economy, as it is likely to brighten outlook for bumper crop output amid inflationary times post covid-19 blowout.

Concerns remain on the company's weakening position in the UV segment

Mahindra & Mahindra (M&M) on Monday said it will hike prices of its its range of tractors from next month in order to partially offset the impact of rise in input costs. In a regulatory filing, M&M's Farm Equipment Sector said, effective January 1, 2021, it will increase the price of its range of tractors, across models. This has been necessitated due to the increase in commodity prices and various other input costs, the company added. Details of price increase across different models will be communicated in due course, M&M said. Last week, M&M had announced it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the impact of rise in input costs.

The company said its Farm Equipment Sector will manufacture a new tractor series called the 'K2', exclusively at the company's tractor manufacturing facility at Zaheerabad in the state of Telangana.

Capital allocation and auto segment volume trajectory are the other triggers

'We will fail faster, if we have to,' says chairman Anand Mahindra as international revenues for most group business ventures grow or dwindle

The company's profit before interest and tax (PBIT) from the farm equipment segment rose 31 per cent in FY17 to Rs 25.62 billion

M&M's profit before tax from the farm equipment segment rose 31% last year to Rs 2,562 cr