Mahindra will increase prices of all its models up to 3% from January 1, 2018.
After Toyota, Tata, Volkswagen, Skoda and Ford announced a price hike across their product lineup, it’s the country’s leading utility vehicle maker Mahindra & Mahindra that joined on the bandwagon. The Pune-based SUV manufacturer will increase prices of all its models up to 3% from January 1, 2018. The reason cited for this decision is said to be the increased input costs.
Commenting on the price hike, Rajan Wadhera, President, Automotive Sector, Mahindra & Mahindra 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.” Check Out – Upcoming Mahindra Cars In India
In November 2017, Mahindra registered a total sales of 38,570 units accounting a growth of 18% against the same of previous year. While the domestic sales of the company grew by 21%, the export witnessed a fall of 6%.
The company recently introduced the new Scorpio facelift and petrol iteration of the XUV500. While the former comes at a starting price of Rs 9.97 lakh, the latter one has been priced at Rs 15.49 lakh (all, ex-showroom).
The home-grown carmaker is also planning to expand its electric vehicle lineup with three new models. These new electric cars will be high on performance offering an estimated range of 350km, 250km and 300km respectively. The top speed of new Mahindra EV will stand around 186kmph, 150kmph and 190kmph respectively. Mahindra’s high performance electric cars will be launched in the next three years. Read – New Mahindra MPV Is Coming Soon
New Mahindra Scorpio Picture Gallery