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Mahindra & Mahindra to hike vehicle prices from January 2014
Posted on: 13/Dec/2013 11:32:30 AM
Mahindra & Mahindra Ltd on Thursday announced that company will hike the prices of its passenger and commercial vehicles by up to 2%. This increase would be effective January 1, 2014.
The price increase is primarily due to rising materials, input and higher freight costs, the company said in a statement.
Leading car makers Maruti Suzuki India, Hyundai and Tata Motors had already announced hike in prices of their products from January, joining the likes of Mercedes, BMW, Audi and Honda.
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