Mahindra & Mahindra (M&M) has hiked prices of its range of vehicles by 2.5%. 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 price hike is effective from April 14, 2022.
The price revision is result of continuous increase in prices of key commodities such as steel, aluminium, palladium, etc. 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. The company is working with its sales and dealer network to communicate the new prices to their customers appropriately.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 346.10 |
| Maruti Suzuki | 13482.30 |
| Mahindra & Mahindra | 3244.65 |
| Hyundai Motor India | 1907.10 |
| Mercury Metals | 30.92 |
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