India’s Leading passenger and utility vehicle manufacturers Mahindra have announced a margin hike in price for all its products by 1%.This price hike will come to play during this month effectively. This price hike will be around Rs.2,300 to Rs.11,500 across its vehicles.
Pravin Shah, Chief Executive of Automotive and International Operation Mahindra said “We have been holding back on price hikes for a while but now it has been necessitated to partly offset the impact of rising input costs.”
At present Mahindra portfolio includes Xylo, Scorpio, XUV 500,Verito, Vertio Vibe , Bolero, Reva e2o. Many other companies like Maruti Suzuki, Honda and Hyundai are in phase to increase the price of its products due to increase in cost of raw materials.
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