Mahindra & Mahindra Ltd, India’s leading SUV manufacturer, has increased the prices of its passenger and commercial vehicles by an average of 1%. This increase would be in the range of Rs. 2,300 to Rs. 11,500 (ex-showroom) depending on the model and has been effective this month.
Commenting on the price hike Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “We have been holding back on price hikes for a while but now it has been necessitated to partly offset the impact of rising input costs.”