Mahindra hikes prices

Owing to the rise in input cost, Mahindra today announced the increase in prices of its products. An upward revision of vehicle prices in the range of Rs 3,450-21,000 or 1.5-2.5 per cent for all Mahindra vehicles. The increase will be effective from May 19, 2008 onwards. “M&M has announced an upward revision in prices of its vehicles in the range of 1.5 – 2.5 per cent (Rs 3,450-Rs 21,000). This has been necessitated by a significant increase in input costs. The increase in prices will be effective from May 19, 2008,” the company said in a release. The company, however, has not changed the price of ‘Logan’, produced by its joint venture with Renault.

Leave a comment

Your email address will not be published.