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Mahindra Car Price Hike Cars Expensive By 63000 Rupees

Mahindra Car Price Hike Cars Expensive By 63000 Rupees

For some time now, car makers have been facing the increased cost of manufacturing, due to which now many carmakers have announced to increase the prices of their cars. In this episode, now Mahindra & Mahindra has also announced to increase the prices of its vehicles. Mahindra & Mahindra has increased the prices of all its models by 2.5 percent. This price hike is effective with immediate effect.

Vehicles will be costlier by Rs 10,000 to Rs 63,000: Mahindra & Mahindra
The vehicle company said in a statement on Thursday that after this increase, the showroom price of its various models will increase from Rs 10,000 to Rs 63,000. The company said that it had to take this step due to the increase in the prices of important commodities like steel, aluminium.

Maruti Suzuki Logs Record Sales Of More Then 2 Lakh CNG Cars In FY22

Mahindra & Mahindra said that the company itself is trying to bear most of the burden of the increase in commodity prices, while it will only have a partial impact on the customers. Mahindra & Mahindra, which sells models like the Thar and XUV700, is working with its sales and dealer network to appropriately inform the customers about the new prices.

Maruti Suzuki India has also announced to increase the prices
Earlier this month, the country’s largest carmaker Maruti Suzuki India (MSI) also announced a hike in prices of its entire model range due to increase in input cost. However, the company has not yet disclosed the quantum of increase in prices.

MSI had mentioned in a regulatory filing that the cost of the company’s vehicles has been adversely affected due to increase in various input costs in the last one year.

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