Mahindra & Mahindra announces price hike of Rs. 63,000

Mahindra xuv700-7287

The range of Mahindra & Mahindra passenger vehicles will see a 1.5 per cent increase across the table from April 14

Mahindra & Mahindra has officially announced that it has increased the prices of their SUVs and MPVs by 2.5% in the Indian market. This will increase the rupee. 10,000 and Rs. 63,000 (ex-showroom), depending on the model and variant. This price increase will be effective from 14 April 2022.

In an official statement, the indigenous UV maker said the latest price hike was due to unprecedented rise in prices of products like steel, aluminum, palladium, etc. , And updated price lists will be communicated to dealerships across India soon.

Consumption of raw materials and fuels in India continues to rise, making production and transportation even more expensive. We have seen multiple price increases by each car manufacturer in the last two years. Now that the new fiscal year has begun, we expect more news from other automakers about car price increases soon.

2020 Mahindra Thar Picture-1

M & M’s passenger car range includes the following models – Alturas G4, XUV700, Thar, Marazzo, Scorpio, Bolero, Bolero Neo, and XUV300 – and the manufacturer plans to add a few more models to its lineup. The next-generation Scorpio has been in development for several years now and is expected to be sold in the coming months, along with the current-gen version.

A KUV100-based EV is currently in the pipeline, expected to go on sale later this year, followed by an XUV300-based EV. In addition, M&M will unveil three electric SUV concepts in July this year based on the new ‘Born EV’ platform. Also, the TUV300 Plus is expected to be re-launched soon in a facelifted incarnation, rebranded as ‘Bolero Neo Plus’.

Mahindra Bolero neo-14

The maker is also working on a five-door / long-wheelbase version of the Mahindra Thar, which is expected to debut sometime next year. Also, speculation is that M&M is working on a Creta-rival SUV, which could be launched in the coming years under the name ‘XUV500’.

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