Overview
The fake news spread around social media Millat Tractors Limited jacked up prices of tractors. But the news was not true as the company itself announced the price is retained. The company is one of them not increasing the price of vehicles after GST. However, motorbike and car prices continue to jack up the road for a long.
On the other side, car makers are forced to increase prices as per the new imposed of 25% GST. Meanwhile, the Millat tractor price jump was not true news.
Millat Tractors Limited Notice
As per the confirmation by the company, the circulating news about the price jump is fake and the company has no attention to affecting the price. the company increased the price back on February 16, 2023, and these prices are used for current bookings. The prices are as follows:
| Tractor Model | HP | Ex-Factory Price |
| MF-240 | 50 | 1,894,000 |
| MF-260 | 60 | 2,185,000 |
| MF-260-SE | 60 | 2,323,000 |
| MF-360 (2wd) | 60 | 2,307,000 |
| MF-360 (4wd) | 60 | 3,222,000 |
| MF-375 (2wd) | 75 | 2,885,000 |
| MF-375 (4wd) | 75 | 3,823,000 |
| MF-385 (2wd) | 85 | 2,992,000 |
| MF-385 (4wd) | 85 | 3,902,000 |
Conclusion
Millat offers locally manufactured tractors in Pakistan. The company has great worth for the agriculture sector in Pakistan. the earlier fake news of the price hike was just down the hope of cultivators. For more updates on the automotive industry stay tuned with us.
