New Delhi, Dec 6 (PTI) Mahindra & Mahindra on Wednesday said it will hike prices of its passenger and commercial vehicle model range from January next year.

This adjustment is in response to the rising costs due to inflation and increased commodity prices, the company said in a statement.

Also Read | ESIC Admit Card: Entry Card for Paramedical Group C Recruitment Exam 2023 Released on esic.gov.in, Know How to Download.

The company has made efforts to absorb as much of these additional costs as possible. However, a portion of this increase will be passed on to customers, it added.

The extent of the price increase will vary across different SUVs and commercial vehicles, the automaker stated.

Also Read | Dr BR Ambedkar Death Anniversary 2023: Here Are Some Key Facts About Chief Architect of Indian Constitution on Mahaparinirvan Diwas.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)