Mahindra to hike prices of its SUVs from January 2024

Maruti Suzuki, Tata Motors, MG and Audi India have also announced price hikes.

Mahindra has announced that it plans to increase the prices of its SUV range from January 2024. The company will also revise the prices of its CV range in the new year.

According to Mahindra, the adjustment in prices is in response to the rising costs due to inflation and increased commodity prices. The carmaker claims to have made efforts to absorb as much of the additional costs as possible. However, a portion of this increase will be passed on to customers. The extent of the price increase will vary across different SUVs and CVs.

Earlier, Maruti Suzuki, Tata Motors, MG and Audi India also announced price hikes that would come into effect from January 2024. Other carmakers are expected to make similar announcements in the days to come.