Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3129.85
46.35 (1.50%) M&M to hike prices of vehicles by 0.5% - 2.7%
Date: 28-03-2019Mahindra & Mahindra (M&M) has decided to increase price of its range of personal and commercial vehicles by 0.5% - 2.7%, resulting in an increase of Rs 5,000 - Rs 73,000, across its models. The price hike will be effective from April 01, 2019.
The company has seen record high commodity price increases this year. Further, there are regulatory requirements effective April 01, 2019 that have also led to cost increases.
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.