Commodity price hike hit company, unable to fully pass on to consumers: M&M

Firm will move first to alternative fuels before migrating to EVs, says top company exec

With diesel prices having risen 90 per cent since the pandemic broke out in April 2020, Mahindra & Mahindra’s Truck and Bus Division (MTB) said on Monday that the rise in commodity prices has affected the company and it was unable to pass the spike on completely to consumers.

A senior company executive said the increase in commodity prices was too great for any player to pass on to customers. "We are looking at it on a quarterly basis. We could not pass on this completely, only a significant portion was passed on to the customers," said Veejay Nakra, Chief