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Mahindra announces price hike

Mahindra announces price hike
Parichay Malvankar
Written by Parichay Malvankar

Mahindra has announced that it will hike prices across the passenger and commercial vehicle segment by about 1%.

This revision will result in car prices going higher by Rs. 2,300 up to Rs. 11,500 (ex-showroom). The change in prices is effective immediately and other manufacturers are also expected to follow the price hike route soon.

The price hike comes as a reason of increasing input costs which was not sustainable anymore. The company tried to hold on to the current pricing but it is not feasible anymore.