14 December,New Delhi
Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, on Thursday announced that it plans to increase prices of its passenger and commercial vehicles by up to 3 per cent.
This will be effective 1st January 2018. Commenting on the price hike Rajan Wadhera, President – Automotive Sector, Mahindra & Mahindra Ltd. said, “We have been holding back on price hikes and absorbing the higher input costs for a while, but with the increase in commodity prices we will have to take a price increase.”
The Mahindra Group is a 19 billion dollar federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities.