Mahindra & Mahindra has announced that it has hiked the prices of all its entire range of vehicles. The price hike, applicable from last week, is by up to Rs. 15,000. Pawan Goenka, President (Automotive and Farm Sectors), Mahindra & Mahindra said that the company has hiked prices last week by 1.5 to 2 per cent on all our vehicles due to higher commodity costs. The price hike will vary between Rs 7,000 to Rs 15,000 on different models, he added.
Mahindra sells utility vehicles like Scorpio and Bolero along with three wheeler commercial vehicles. It also manufactures and sells sedan Logan. This is the second price increase taken by the company in 2011. Earlier, in January this year Mahindra & Mahindra had raised vehicle prices by about 1.5 per cent.
WE have already seen the country’s largest car maker Maruti Suzuki also increased the prices second time in this year 2011 between Rs. 1,100 to 9,000 across all models. MSI has undertaken a hike across the models ranging between 0.2 per cent to 2.4 per cent.
India’s largest automobile company, Tata Motors, has hiked prices of its passenger vehicles by up to Rs 36,000 from April 1.
