It’s hard to not follow suit especially when the whole auto industry is worried about rising input costs and other charges. Mahindra & Mahindra have also announced that they will be raising the prices of their passenger vehicles by up to two per cent, with effect from January 1, 2014.
Mahindra is not the first Indian automaker to announce the price hike of its vehicles. In the last few days, Renualt, Nissan, Maruti Suzuki, Hyundai, Audi, BMW, Mercedes-Benz and Tata have announced a price hike for the same reasons.
"We have been holding back prices for a while but now it has become necessary to raise them to partly compensate the increase in materials, input and freight costs. As always, Mahindra remains committed to its customers," said Pravin Shah, chief executive, Mahindra & Mahindra.