-Price increase 0.5 – 2.7 per cent
-Price hike will be effective 1st April 2019
It’s the season of price hikes and Mahindra is the latest to join the hike fray. Mahindra will be increasing prices of its commercial and passenger range by 0.5 – 2.7 per cent. The increase equates between Rs. 5,000 – Rs. 73,000, across its models.
According to Rajan Wadhera, President Automotive Sector, M&M Ltd., “This year has seen record high commodity price increases. Further there are regulatory requirements effective April 1st that have also led to cost increases. While we have made efforts to reduce our costs, it has not been possible to hold back the price increase. Consequently we are taking a price increase from April 1, 2019.”