Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the $16.5 billion Mahindra Group, has increased the prices of its tractors effective from November 2014. The increase is in the range of Rs 6,000 to Rs 10,000 depending on the model. The price hike has been necessitated owing to increase in commodity prices and conversion costs.

Besides, the company has increased prices of its passenger and commercial vehicles by an average of 1%. This increase would be in the range of Rs 2,300 to Rs 11,500 (ex-showroom) depending on the model and has been effective this month.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.