Mahindra & Mahindra Ltd.

In a bid to offset increasing input costs and inflation, Mahindra & Mahindra (M&M) will hike prices of some of its models by 1-2% soon. However, the company did not disclose about which models would be impacted by the price hike.

All of Mahindra’s SUV and multi purpose vehicles have been impacted by the increase in excise duty to 30% from 27%, as announced in the Budget.

Recently, the country’s largest popular utility vehicles maker reported 10.62% increase in its total sales at 51,904 units in March 2013 against 46,919 units in the same month in 2012. The automaker has registered a rise of 16.60% in its total sales at 563,373 units compared to 483,164 units in the previous fiscal.