BackMahindra to hike vehicles prices by up to 3% from January
Rajan Wadhera of Mahindra says with the increase in commodity prices the company has decided increase prices of its passenger , commercial vehicles by up to 3% from January
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New Delhi: Utility vehicle major Mahindra & Mahindra (M&M) on Thursday said it will increase prices of its passenger and commercial vehicles by up to 3% from January.
“We have been holding back on price hikes and absorbing the higher input costs for a while, but with the increase in commodity prices we will have to take a price increase," M&M president - automotive sector Rajan Wadhera said in a regulatory filing.
The company sells a range of vehicles, including SUVs Scorpio and XUV500, in the country.
Yesterday, Maruti Suzuki India said it will raise prices of its entire range by up to 2% from next month.
Various other automakers such as Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu have also announced their decision to hike prices from early next year.
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