Mahindra SUVs in India to get costlier from today Updated Jan 08, 2021 | 14:19 IST
Mahindra has decided to make its vehicles expensive in India, citing increased input costs. The price hike, which comes into effect from today, will make Mahindra SUVs costlier by up to ₹40,000 Mahindra SUVs in India to get costlier from today
Mahindra had announced last year that it will implement a price hike across the entire range of SUVs in the country. This decision was taken by the company because of factors like increasing commodity prices and various other input costs. Mahindra & Mahindra has now announced that this price hike will come into effect from today i.e. 8 January 2021 and will make vehicles expensive by up to 1.9 per cent. What this means is that Mahindra SUVs in India will now get costlier by up to ₹40,000. Another thing to note is that the price hike will be applicable on Thar SUVs booked between 1 December, 2020 and 7 January, 2021. The company
Mahindra increases price for personal, commercial vehicles by 1.9%
The new price range will be applicable from January 8th ,2021. For the new Thar, current price hike will be effective for all bookings done between Dec 1-Jan 7
BusinessToday.In | January 8, 2021 | Updated 15:34 IST
Mahindra Group employs over 2,56,000 people across 100 countries and has a net worth of $19.4 billion
On Friday, Mumbai based automaker Mahindra & Mahindra Ltd. announced an increase in their price range for personal and commercial vehicles by 1.9%, which will result in an increase of Rs 4,500 - Rs 40,000, depending upon the model and variant.
In the case of the new Thar, price increase will be effective for all bookings done between December 1, 2020 to January 7, 2021. All fresh bookings for the new Thar, effective January 8, 2021, will be rolled out at prices as applicable on the date of delivery.
Mahindra Auto Sector sells 35,187 vehicles in December 2020
Posted On: 2020-12-31 23:05:38 (Time Zone: Arizona, USA)
Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of December 2020 stood at 35,187 vehicles, compared to 39,230 in December 2019.
In the Utility Vehicles segment, Mahindra sold 16,050 vehicles in December 2020, compared to 15,225 vehicles in December 2019, registering a growth of 5%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,182 vehicles in December 2020, a growth of 3% over same period last year.
According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. At Mahindra we have witnessed a growth of 5% in Utility Vehicles in the month of December. Our overall sales have been affected due to the continuing supply chain challenges related to the constantly changing g