Mumbai (Maharashtra), India, March 21 (ANI): A car maker Mahindra & Mahindra On Friday, they declared a price hike of up to 3 percent for their products. SUV and commercial vehicle ( CV ) scope, valid starting from April 2025.
In an announcement, the firm attributed the main causes of this development to escalating input expenses and higher commodity prices. price hike , as well as various additional elements.
As stated by the company, the degree of the price hike will differ based on the particular model. Mahindra 's SUV and CV lineup.
This choice is being made as part of Mahindra Continued attempts to address the difficulties caused by increasing inflation rates and escalating costs of raw materials, impacting the whole automotive sector.
This step follows automakers throughout the sector encountering rising inflation, disrupted supply chains, and inconsistent prices of raw materials.
Leading automotive companies have declared an increase in prices due to escalating production costs. This adjustment includes hikes from Hyundai Motors, Tata Motors, Honda, and Maruti Suzuki, set to take place in April.
Maruti Suzuki, which holds the title of India's leading car maker, has just declared a price hike up to 4 percent on its vehicles, starting from April 2025.
Founded in 1945, the Mahindra The group is a multifaceted corporation employing 260,000 people working worldwide in over 100 countries.
Famous for its dominance across multiple industries, Mahindra is a leading entity in agricultural machinery, utility vehicles, information technology, and finance within India. The organization holds the title of being the biggest tractor manufacturer globally based on production volume. (ANI)
0 Comments