Beginning April, Mahindra & Mahindra will hike costs of its SUVs and business autos by as much as 3 p.c. The corporate mentioned it had absorbed a lot of the rising enter prices however was now compelled to move on a part of the burden to consumers.
The value hike will differ throughout completely different SUV and business automobile fashions, Mahindra mentioned in its official assertion.
This comes on the heels of a strong February for the Mumbai-based automaker. Mahindra reported whole auto gross sales of 83,702 autos final month, marking a 15 p.c enhance year-on-year, together with exports. In its flagship Utility Autos phase, home gross sales stood at 50,420 models — up 19 p.c — whereas whole UV gross sales, together with exports, reached 52,386 models. Business automobile gross sales within the home market had been at 23,826 models.
The corporate additionally noticed sturdy traction in its tractor phase. Whole tractor gross sales (home and exports) touched 25,527 models in February 2025, up from 21,672 models a 12 months in the past. Home gross sales alone rose to 23,880 models from 20,121 in February 2024, whereas exports for the month stood at 1,647 models.
Mahindra joins a rising record of automakers which are growing automobile costs from April, citing rising enter prices. Numerous automakers together with Maruti Suzuki India, Hyundai Motor, Tata Motors, Kia India, BMW and Honda Vehicles India have introduced to hike automobile costs from subsequent month citing rising enter prices.
Maruti Suzuki and Hyundai Motor India, two of Mahindra’s greatest opponents, additionally introduced worth hikes, beginning April. Kia, Honda and Tata Motors have already introduced worth hikes on account of growing enter prices. Luxurious carmakers like BMW additionally confirmed worth hikes from subsequent month.
On Friday, shares of M&M closed 1.08 p.c decrease at ₹2,799.30 on the BSE.
