Latest News | Mahindra to Hike Vehicle Prices by Up to 3 Pc from January

New Delhi, Dec 6 (PTI) Mahindra & Mahindra on Friday said it will hike prices of its SUVs and commercial vehicles by up to 3 per cent from January next year.

The adjustment is in response to the rising costs due to inflation and increased commodity prices, Mahindra & Mahindra (M&M) said in a statement.

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

The extent of the price increase across different SUVs and commercial vehicles will be upto 3 per cent, the auto major stated.

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(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)