Mumbai, April 2 Mahindra & Mahindra announced on Friday that it will increase the prices of its non-electric SUVs and commercial vehicles by up to 2.5 per cent from April 6.The company attributed the latest price increase to a combination of rising costs.
"Mahindra & Mahindra announces an increase in prices of up to 2.5 per cent for its ICE (internal combustion engine) SUV and CV range, with an average increase of 1.6 per cent across the portfolio," the company said in a statement.
This price increase will be effective from April 6, it said.
For the recently introduced XUV700, the price increase is expected to take effect after the first 40,000 price-protected bookings are delivered, the company said.
Various automakers, including Tata Motors, JSW MG Motor India, BMW, Audi India, and Mercedes-Benz, have already increased their vehicle prices from April 1 due to rising input costs.
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