Thar to XUV500 and more, Mahindra to hike prices from Jan

  • The price hike on the Mahindra's passenger and commercial vehicles will be effective from January 2021.
Mahindra Thar (along with other Mahindra models) will become costlier from January 2021. (Photo - Sabyasachi Dasgupta)
Mahindra Thar (along with other Mahindra models) will become costlier from January 2021. (Photo - Sabyasachi Dasgupta)

Mahindra on Tuesday announced that it will increase the prices of its range of passenger and commercial vehicles, across models from January 1, 2021. The company said in a press note sent recently that the price hike has been introduced 'due to the increase in commodity prices and various other input costs'. Moreover, details of the new prices will be communicated in the days to come, the company added.

A few days back, Ford India had announced it will increase prices of its vehicles across models by up to 3% from January 1 to offset the rising input costs. On the same lines, the country's largest carmaker Maruti Suzuki India had also announced that it would increase the prices of its vehicles from January.

Also check these Vehicles

Find more Cars
Mahindra Xuv500 2024 (HT Auto photo)
UPCOMING
Engine Icon2179 cc FuelType IconDiesel
₹ 12 Lakhs
Alert Me When Launched
Mahindra Thar E (HT Auto photo)
UPCOMING
BatteryCapacity Icon60 kWh
₹ 25 Lakhs
Alert Me When Launched
Mahindra Thar (HT Auto photo)
Engine Icon2184 cc FuelType IconMultiple
₹ 11.25 - 17.20 Lakhs
Compare
View Offers
Mahindra Five-door Thar (HT Auto photo)
UPCOMING
Engine Icon2184.0 cc FuelType IconMultiple
₹ 15 - 16 Lakhs
Alert Me When Launched
Mahindra Xuv300 (HT Auto photo)
Engine Icon1497.0 cc FuelType IconMultiple
₹ 7.99 - 14.76 Lakhs
Compare
View Offers
Mahindra Xuv700 (HT Auto photo)
Engine Icon2184.0 cc FuelType IconMultiple
₹ 13.99 - 26.99 Lakhs
Compare
View Offers

Also Read : Mahindra unit SsangYong Motor misses loan repayments worth around 408 crore

The firm's announcement comes at a time when the market is still in recovery mode from the lockdown induced disruptions.

The company has recently announced that it is expecting a reduction in production and sales volume at its automotive division in the last quarter of the current fiscal (FY 2020-21) due to the global supply shortage of micro-processors. The firm added that it is engaging closely with its auto components supplier Bosch and assessing likely production loss.

Also Read : Onus of making country Aatmanirbhar lies with industry: Pawan Goenka

"The operations of the company in the automotive sector will be affected by the global supply shortage of micro-processors (semiconductors) used in electronic control unit (ECUs) which is supplied by Bosch," Mahindra said in a regulatory filing.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 15 Dec 2020, 20:07 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.