Mahindra hike passenger car price by upto 2% from January 2014
Mahindra and Mahindra Ltd, leading automakers in India, selling a range of passenger and commercial vehicles which also includes high end and much in demand SUVs, have announced price increases from 1st January 2014. Prices of both passenger and commercial vehicles will be increased by 2%.
Mahindra has cited higher input costs, rising cost of raw materials and escalating freight charges as reasons for this price hike. Though they had felt the need to increase prices for some time, they had been delaying the announcement, which has now become unavoidable.
Till date leading automakers such as Tata Motors, Maruti Suzuki, Hyundai, Mercedes Benz, Audi, BMW, Honda and Renault have also announced a price hike which will come into effect from January 2014.