Beginning April, Mahindra & Mahindra will hike prices of its SUVs and industrial automobiles by up to 3 p.c. The corporate mentioned it had absorbed a lot of the rising input costs however was now compelled to go on a part of the burden to consumers.
The worth hike will fluctuate throughout completely different SUV and industrial 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 automobiles final month, marking a 15 p.c improve 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. Industrial automobile gross sales within the home market had been at 23,826 models.
The corporate additionally noticed robust 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 listing of automakers which might be rising automobile prices from April, citing rising input costs. Numerous automakers together with Maruti Suzuki India, Hyundai Motor, Tata Motors, Kia India, BMW and Honda Vehicles India have introduced to hike automobile prices from subsequent month citing rising input costs.
Maruti Suzuki and Hyundai Motor India, two of Mahindra’s greatest rivals, additionally introduced worth hikes, beginning April. Kia, Honda and Tata Motors have already introduced worth hikes due to rising input costs. 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.
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