Mahindra to increase prices of its product line-up
Mahindra & Mahindra, India's leading SUV manufacturer today announced its plans to increase the prices of its passenger and commercial vehicles by up to 2 per cent. This increase would be effective from January 1, 2014. The hike is due to rising materials, input and higher freight costs.
Amit
Published On Dec 12, 2013 17:22 IST
Published OnDec 12, 2013 17:22 IST
Last Updated OnDec 12, 2013 17:22 IST
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Commenting on the price hike, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We have been holding back prices for a while but now it has become necessary to raise them to partly compensate the increase in materials, input and freight costs. As always, Mahindra remains committed to its customers”.
The homegrown automajor is also experiencing a slump in sales as it is continuously reporting a negative growth in the Indian auto industry. To meet the fiscal target, the company is offering Rs. 55,000 and Rs. 53,000 benefits on Verito and Verito Vibe respectively.
Read More on : Mahindra Bolero
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<p><br /> A fun person to be around, Amit Sharma brings enthusiasm to the CarDekho journalists. He's responsible for covering the national as well as global news stories for CarDekho news section. Additionally, he acts as a moderator at <a href="http://Forum.CarDekho.Com" target="_blank">Forum.CarDekho.Com</a>, accountable for everything goes live on forum. His mechanical mind, love for cars, comprehensive research skills, and of course, his Bachelor's degree in Engineering help him manage it all.</p>Read more
