Mahindra hikes vehicle prices by 2.5 percent on commodity spike

The company states that the price hike is because of the continuous increase in prices of steel, aluminium and palladium etc.

Autocar Pro News Desk By Autocar Pro News Desk calendar 14 Apr 2022 Views icon4842 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Mahindra & Mahindra will hike prices on its passenger and commercial vehicle range by 2.5 percent. This will translate to an increase of the ex-showroom price by Rs 10,000 to Rs 63,000 depending on the model and variant effective April 14.

The company says the price revision is because of the continuous increase in prices of key commodities such as steel, aluminium and palladium among others.

Mahindra says it has taken necessary initiatives to partially offset the unprecedented hike in commodity prices to absorb the impact, passing a minimal percentage of cost increase to customers through a price revision.

The OEM will closely work with its sales and dealer network to communicate the new prices to the customers appropriately. 

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