BackM&M raises prices as input costs rise
M&M raises prices as input costs rise
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Mumbai:Mahindra and Mahindra Ltd (M&M) increased prices of its utility vehicles due to a rise in input and fuel costs, and expenses associated with migrating to new emission norms, a spokesman said on Wednesday.
The price of its flagship Scorpio sport utility vehicle has risen by a range of Rs10,300 to Rs17,500, that of the Bolero by Rs26,100 and Xylo prices have gone up by Rs15,300-15,900.
Separately, Mahindra Two Wheelers Ltd has sold 70,000 units in fiscal 2010, the company said in a media statement. M&M acquired Pune-based Kinetic Motor Co. Ltd in July 2008 and relaunched its products in September the next year. The company said the current rate of sales indicates it is on track to achieve its target of selling 100,000 units by July.
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