Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has hinted at a possible price hike of its range of vehicles in the next few months due to rising commodity prices. The company, which was recently reported to have cut jobs in its North American operations, is likely to reduce it further even as it prepares to launch its off-roader vehicle Roxor. In January, the automaker announced a price increase of personal and commercial vehicles by around 1.9 per cent with immediate effect.

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.