Mahindra & Mahindra Raises Price Of Entire Model Range By 2.5%

Mahindra & Mahindra on Thursday said it has increased prices of its entire model range by 2.5 per cent with immediate effect

Mahindra & Mahindra on Thursday said it has increased prices of its entire model range by 2.5 per cent with immediate effect.

This will result in an increase of Rs 10,000 to Rs 63,000 on the ex-showroom prices across the range, depending upon the model and the variant, the home-grown auto major said in a statement.

The price revision is the result of a continuous increase in prices of key commodities such as steel, aluminium, palladium, etc, it added.

"The company has taken necessary initiatives to partially offset the unprecedented hike in commodity prices to absorb the impact, passing a minimal percentage of cost increase to customers through a price revision," M&M noted.