Mahindra’s plan to buy SUV? So buy before the end of December, the price is going to grow from the new year

Last updated:December 07, 2024, 14:02 IST

Mahindra informed through exchange filing on Friday (December 6) that the increased prices will be applicable from the beginning of January 2025.

New Delhi. After Maruti Suzuki and Hyundai, now Mahindra & Mahindra has also decided to increase the prices of their vehicles. The company has announced that their SUV (Sports Utility Vehicle) and CV (Commercial Vehicle) will be increased by up to 3% in the entire range.

Mahindra informed through exchange filing on Friday (December 6) that the increased prices will be applicable from the beginning of January 2025. The company said that this step has been taken due to the continuous increase in the prices of inflation and commodity.

Premium brands have also announced to increase the price
Prior to Mahindra, many other automobile companies such as Maruti Suzuki, Hyundai, Mercedes Benz, BMW and Audi have also announced to increase the prices of their vehicles. These companies have also cited the increase in input cost and logistics expenditure as the main reason for increasing the price.

Pressure will increase on customers’ pockets
The increase in these prices, which has been implemented from January 2025, will not only affect the budget vehicles, but the customers of the premium and luxury car segment will also have to face it. The decision to increase the prices of major companies can make the purchase of vehicles expensive in the coming days.