Latest News
- Subaru Motorsports Clinches Victory At Olympus Rally Amidst Adverse Conditions
- Price Hike Alert: Jeep & Citroen Cars To Become More Expensive In India
- 2024 Jeep Wrangler Facelift Video Review: Off-Roading Specialist Gets More Friendly
- MINI Unveils Aceman Electric Crossover: Urban Mobility Redefined
- Johnny Campbell To Lead Exciting Honda True Adventure Motorcycle Tour
- Gujarat Targets Unauthorized White Headlights To Boost Road Safety
- Never Before Offer On Skoda Kodiaq SUV – Discount Up To Rs 2.40 Lakh
- 2024 Jeep Wrangler Facelift Review - Off-Road Specialist Gets Easier To Live With
- How To Enjoy Your Car Music Safely Without Compromising On Road Safety
- India's Aviation Authority Mandates Children Under 13 To Sit With Parents On Flights
Mahindra & Mahindra Increases Prices Throughout Its Portfolio
India's leader in sales and manufacture of utility vehicles Mahindra has recently launched its new scooter and SUV. The Indian manufacturer launched its next generation Scorpio and a ground-up scooter christened Gusto. Both vehicles have received overwhelming response.
Mahindra & Mahindra have just announced that they will be increasing prices of their vehicles. The reason for this hike in prices is due to high input costs of components. They have opted to increase prices by roughly one to two percent.
Pravin Shah, Chief Executive, Automotive Division and International Operations (AFS), Mahindra & Mahindra Ltd. said, "We have been holding back on price hikes for a while but now it has been necessitated to partly offset the impact of rising input costs."
Mahindra has decided it will increase the price of commercial and passenger vehicles in India. This price hike will range from INR 2,300 to INR 11,500 depending on the model and variant opted for by customers.
The Indian manufacturer did not witness great sales even during festival season. Mahindra domestic sales have dropped significantly, however, on a yearly basis the manufacturer seems to be on track for their annual goal.
We can expect several manufacturers to increase costs of their vehicles in the near future. The reduction in vehicle taxes are going to be set as previously and it is most likely to not be extended. Component costs and several other factors have given rise to this price hike.