Mahindra to hike SUV and CV prices by up to 3% from April, joins rivals as input costs surge

Since April, Mahindra and Mahindra will stimulate its SUVs and commercial vehicles by up to 3%. The company said that it has absorbed most of the growing access costs, but now has to pass part of the cargo load.

Rising prices will be different among different SUV and commercial vehicle models, Mahindra said in its official statement.

This comes to stable February on February heels for a Mumbai-based carmaker. Mahindra reported at the sale of the total cars of 83,702 cars last month, indicating the 15% growth annually, including exports. The internal sale in its flagpost utility was 50.420 points, up to 19% – the total sale of UV, including exports, reached 52,386 points. The sale of commercial vehicles in the domestic market amounted to 23,826 points.

The company also saw a strong drag in its tractor. The total sale of tractors (domestic and export) was 25,527 points, up to 21,672 points per year. The internal sale was 23,880 points only on 20,121 of 2024, and the export of the month was 1,647 points.

Mahindra joins the rising list of cars, which increase vehicles from April, citing increasing access costs. Different car parks, including Maruti Suzuki India, Hyundai Motor, Tata Motors, Kia India, BMW and Honda Cars have announced the next month’s prices.

Two of the biggest rivals of Mahindai Motor India, Mahinda Motor India, Mahindra, also announced prices since April. Kia, Honda and Tata Motors have already announced the increase in prices due to increasing access costs. Luxurious instruments like BMW also confirmed the rise in prices next month.

On Friday, M & M shares are closed by 1.08 percent lower than 2,799.30 in BSE.