Mahindra & Mahindra, country’s leading sport utility vehicle (SUV) manufacturer, is likely to increase prices of its various models by 0.50-1.5% in order to outset the impact of input costs on the profitability. In the recent past, the company has seen almost 2% increases in the input costs, primarily steel.
The company has reported 9.53% rise in September auto sales at 48,342 units as compared to 44,137 units in September 2011. The half-yearly consolidated auto sales numbers for the period April to September 2012 stood at 2,67,266 units, up by 20% over the corresponding period of the last fiscal. The company’s passenger vehicles have registered a growth of 22% at 23,808 units.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 355.60 |
| Maruti Suzuki | 13419.80 |
| Mahindra & Mahindra | 3201.05 |
| Hyundai Motor India | 1899.40 |
| Mercury Metals | 35.59 |
| View more.. | |
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