All Mahindra vehicles become expensive from today
Mahindra & Mahindra on Friday increased the prices of its personal and commercial vehicles by 1.9% from today.
New price will be applicable on Mahindra Thar
M&M said that in case of new Thar, the price hike will be applicable to all bookings made between 1 December 2020 and 7 January 2021. The company said that from 8 January 2021, the price at the time of delivery will be applicable on all fresh bookings of the new Thar.
Thar got tremendous responseThe new Thar, an off-roading vehicle launched by Mahindra last year, is getting tremendous response from the public. Due to its excellent booking, the waiting period of delivery has been around 3 months.
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Vijay Nakra, CEO of the company’s automotive division, said the price rise was necessary due to the rise in commodity prices and other costs over the past several months. He said that we have made all efforts to reduce our costs and postponed the price hike for a long time, but due to rising raw material costs, we have been increasing prices since January 8, 2021.
These companies also increased the price
Last month, Mahindra & Mahindra said that it would increase the price of all its passenger and commercial vehicles from January 1. Apart from Mahindra, companies like Maruti, Hyundai, Ford, Toyota etc. have also announced to increase the price of their vehicles.