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Millat Tractor Withdraw Price Increase on Government Pressure

Earlier company increased its prices in a range of PKR70,000 to PKR110,000

admin-augaf by admin-augaf
June 29, 2021
in Business
Reading Time: 3 mins read
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Image: Millat Tractors
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Lahore June 29 2021: Millat tractor price revision notified on June 26 2021 is withdrawn by the company. The previous prices shall prevail till further Information, as per letter issued by Millat Tractors.

Earlier on June 25 2021, company has increased its prices of tractors ranging from PKR70,000 to PKR110,000 on different variants of tractors effective on all bookings registered on and after June 26 2021. Company explained reason of price increase to be increase in the cost of production of tractors on account of increase in the prices of raw material, labour, utilities, other inputs, and depreciation of Pak Rupee.


A L S O || R E A D

TRG management discussed possible buy back of shares and Afiniti IPO


Millat Tractor has sold 32,051 units of tractors during the first 11 months of this fiscal year against sales of 17,328 units during the same period last year.

Millat Tractors Prices List 2021

ModelHP Old Price
18-01-2021
New Price
26-06-2021
Increase
MF-24050Rs. 997,500Rs. 1,085,700+88,200
MF-350 Plus50Rs. 1,092,000Rs. 1,186,500+94,500
MF-260 (Turbo)60Rs. 1,150,800Rs. 1,244,250+93,450
MF-360 2WD60Rs. 1,197,000Rs. 1,286,250+89,250
MF-360 4WD 60Rs. 1,737,750Rs. 1,808,100+70,350
MF-375-2WD75Rs. 1,517,250Rs. 1,617,000+99,750
MF-375 4WD75Rs. 2,016,000Rs. 2,087,400+71,400
MF-38585Rs. 1,583,400Rs. 1,690,500+107,100
MF-385 4wd85Rs. 2,152,500Rs. 2,226,000+73,500
MF 455100Rs. 5,544,000(Not available) 
MF 470120Rs. 7,254,702(Not available) 

Source: Pakistan Stock Exchange

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Tags: Millat TractorsPrices
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