Reuters reported that utility vehicle maker Mahindra & Mahindra Ltd expects to raise tractor prices in the next three months due to higher steel prices.
Mr Gautam Nagwekar COO for Mahindra's farm equipment sector unit told reporters that "There is a very high probability that it will happen in the next three months.”
But he declined to say by how much prices would be raised. The firm last lifted prices in July 2008.
