Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has reportedly hiked prices across various models except Quanto. The company has hiked the prices due to increase in excise duty on sport utility vehicles (SUVs) from 27 per cent to 30 per cent. SUV is a vehicle similar to a station wagon or estate car, usually equipped with four-wheel drive for on and off-road ability.

Earlier in January this year, the company had increased prices of its vehicles by over 1-percent across various models to offset rising input costs.

Mahindra & Mahindra (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.