Mumbai: Leading automobile maker in the country, Mahindra & Mahindra has decided to hike prices of its passenger and commercial vehicles. The new price will come into effect from January next year.
This price hike was announced in response to the rising costs due to inflation and increased commodity prices. The automaker said that it 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. The extent of the price increase will vary across different SUVs and commercial vehicles.
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Earlier several automobile brands like Maruti Suzuki, Audi India, Tata Motors and MG Motors has announced price hike.
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