Mahindra hikes vehicle prices by around 1.9%

Prices have been increased by Rs. 4,500 - Rs. 40,000, depending on the model and variant.

Mahindra has announced a price hike of around 1.9% for its range of personal and commercial vehicles from January 8, 2021.

Depending on the model and variant, prices have been increased by Rs. 4,500 - Rs. 40,000. In the case of Thar, the current price increase will be effective for all bookings done between December 1, 2020 and January 7, 2021. All fresh bookings for the new Thar, effective January 8, 2021, will have prices as applicable on the date of delivery.

According to Mahindra, prices have been hiked due to an increase in commodity prices and various other input costs over the past few months.