Mahindra to raise vehicle prices by up to 3% in 2012

Mahindra to raise vehicle prices by up to 3% in 2012
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First Published: Thu, Dec 15 2011. 11 34 AM IST

Updated: Thu, Dec 15 2011. 11 34 AM IST
Mumbai: Mahindra & Mahindra Ltd, India’s largest utility vehicles and tractor maker, will raise its prices by up to 3% from January due to rising input costs, the company said in a statement on Thursday.
Maruti Suzuki, India’s top carmaker, said this month it may raise prices after December, and South Korean carmaker Hyundai Motor, India’s No. 2, said last week it would raise its prices in India by about 1.5 to 2% from January.
Car sales in Asia’s third-largest economy are likely to only break even in the current financial year that ends in March, due to high interest rates and rising input costs, an industry body said this month.
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First Published: Thu, Dec 15 2011. 11 34 AM IST