M&M to hike prices of passenger, commercial vehicles from January

his has been necessitated due to the increase in commodity prices and various other input costs, the company said

Mahindra & Mahindra (M&M) on Tuesday said it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the impact of rise in input costs. 

Effective January 1, the company will increase the price of its range of passenger and commercial vehicles, across models, the Mumbai-based automaker said in a statement. This has been necessitated due to the increase in commodity prices and various other input costs, it added. 

Details of price increase across different models will be communicated in due course, the automaker, which sells models like Thar and Scorpio, said. 

Last week, Ford India had said it would increase prices of its vehicles across models by up to 3 per cent from January 1 to offset the rising input costs.