After Maruti Suzuki and Hyundai, Mahindra & Mahindra has also announced to increase the prices of its vehicles. The company will increase prices across the entire range of sports utility vehicles (SUVs) and commercial vehicles (CVs) in its portfolio by up to 3%.
Mahindra & Mahindra said in an exchange filing on Friday (December 6) that the increase in tariffs on vehicles would come into effect from early January 2025. The company took this decision due to the increase in costs due to inflation and rising commodity prices.
Cars from Mercedes Benz, BMW and Audi will also become expensive. Previously, other automakers like Maruti Suzuki, Hyundai Motor India, Mercedes Benz, BMW and Audi also announced an increase in prices of their vehicles from January 2025. All the companies cited the same reason for the increase prices. Companies have taken such a decision due to increasing costs of inputs and logistics.
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