Mahindra to hike prices by up to 2% from August 2018
Mumbai, July 30 (IBNS): Automobile giant Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, on Monday announced that it plans to increase prices of its passenger vehicles by up to Rs. 30,000 or 2%.
This will be effective August 2018, the company said in a statement.
Commenting on the price hike Rajan Wadhera, President - Automotive Sector, Mahindra & Mahindra Ltd. said, “With the ongoing increase in commodity prices we plan to take a price hike of up to 2% in some models.”
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