Mahindra & Mahindra (M&M) has announced that the prices of its all passenger vehicles will witness a hike up to 2 percent from August, 2018 to offset increased commodity costs. All Mahindra SUVs will get pricier by up to Rs 30,000. Car manufacturers such as Tata Motors, Honda and Hyundai have already announced the price hike for their products. And Mahindra is the latest member to join the bandwagon.
Rajan Wadhera, president (Automotive Sector), Mahindra & Mahindra, said, “With the ongoing increase in commodity prices we plan to take a price hike of up to 2 percent in some models.” Read – Mahindra Thar, Scorpio & XUV500 To Get Generation Change
New Mahindra Marazzo MPV Picture Gallery
Talking about Mahindra’s future plan, the home-grown carmaker has recently announced that it will launch three new models this year, including the all-new Marazzo MPV, the TUV300 compact SUV and the XUV700/Rexton 7-seater SUV. Besides this, the company will give a generation change to its three highly popular SUVs – Scorpio, XUV500 and Thar.
M&M’s electric vehicle subsidiary, Mahindra Electric Mobility Limited will also launch four new EVs before 2020. The list will include an electric compact sedan, a coupe crossover (Aero Electric) and two electric SUVs. The carmaker will also bring in the electric version of the XUV500 and the Scorpio SUV.
In March 2018, Ford and Mahindra signed an MoU for developing a new midsize SUV, compact SUV and an electric vehicle for the Indian market. While the new SUVs will have Ford body and badge, the platform will be developed by Mahindra (Mahindra-SsangYong).
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