Friday, February 23rd, 2024

Mahindra cars and commercial vehicles will become expensive from January 2024, the company gave the reason

Photo:Official website Mahindra sells many models in the SUV segment.

Domestic automobile manufacturer Mahindra & Mahindra has also announced on Wednesday the increase in the prices of its passenger and commercial vehicles from January 2024. The company said in a statement that the adjustment is in response to rising costs due to inflation and increased commodity prices. According to PTI news, the company has tried its best to bear the additional costs. However, a part of this increase will be passed on to the customers. The automaker said that the limit of price increase will differ for different SUVs and commercial vehicles.

Mahindra sells these models in passenger vehicles

Mahindra & Mahindra sells XUV300, XUV400, XUV700, Scorpio, Scorpio-N, Thar, KUV100 NXT, Marazzo models in passenger vehicles. Apart from this, it also sells many models of commercial vehicles. Earlier, the country’s largest car manufacturing company Maruti Suzuki also said last month that it is planning to increase the prices of its vehicles in January 2024, citing cost pressure due to inflation and increased raw materials.

These companies have also announced

Audi and Mercedes have also announced an increase in the prices of their cars from January 2024. Audi is going to increase the price by up to two percent on all its models. Audi said that due to increasing supply chain related inputs and rising operational costs, we have announced the increase in our model range. Maruti had increased the prices by 0.80 percent in April this year. Tata Motors has even said that the increase in prices of electric cars will also be implemented. It is believed that almost all the companies will increase the prices from the coming month. This means that customers should now be ready to spend more to buy a car.

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