Leading Automaker Mahindra & Mahindra (M&M)  is to raise the praises of its tractors. The reason behind the hike is rise in input cost. The company on Monday said it will hike prices of its its range of tractors from next month in order to partially offset the impact of rising in input costs.

 M&M's Farm Equipment Sector said, effective January 1, 2021, it will increase the price of its range of tractors, across models. The company further added that the hike was necessitated due to the increase in commodity prices and various other input costs.

M&M said that the details of price increase across different models will be communicated in due course. Recently, the company had announced it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the effect of rise in input costs.

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