Mahindra & Mahindra to Hike SUV, Commercial Vehicle Price from APRIL
With Several Automakers Set to Increase Price Due to Rising Costs, Leading SUV Manufacturer Mahindra & Mahindra (M & M) on Friday Announced a price hike of up to 3 pe cennt for (SUV) and Commercial Vehicle (CV) Range.
The new prices will come into effect from april 2025. The company attributed the Increase to Rising Input Costs and Higher Commodity Pries.
M & m stated that while it has tried to absorb most of the additional costs, a portion of the Increase must be passed on to customers.
The expert of the price hike will vary across different SUV and Commercial Vehicle Models, According to Company’s official statement.
The company recently Announced that its overall auto sales for the month of February studs at 83,702 vehicles, a growth of 15 per cent, including exports. In the ‘Utility Vehicles’ Segment, Mahindra Sold 50,420 SUVS in the Domestic Market, A Growth of 19 per cent and 52,386 Vehicles Overall, Including Exports. The domestic sales for commercial vehicles studs at 23,826.
Total Tractor Sales (Domestic and Exports) DURING DURING DURURUARY WERE AT 25,527 Units, AS Against 21,672 Units for the Same Period Last Year. Exports for the month study at 1,647 units.
Domestic Sales in February WERE at 23,880 Units, Against 20,121 Units during February 2024.
Meanwhile, Maruti Suzuki and Hyundai Motor India, Two of Mahindra’s biggest competitors, also announced price hikes, starting aril.
Kia, Honda and Tata Motors have Alredy Announced Price Hikes Due to Increasing Input Costs. Luxury carmakers like bmw also confirmed price hikes from next month.
The rising costs in the auto sector have made it different for manufacturers to keep prisus steady, leadments to adjustments accountments various segments.
According to Media Reports, The Indian Automobile Industry Has Been Facing Increasing Raw Material Prisies and Logistical Expenses, Impacting Production Costs.
(This story has not been edited by ndtv staff and is auto-generated from a syndicated feed.)
