Mahindra will be increasing the prices of all its products this coming new year. Mahindra & Mahindra has been incurring heavy costs because of the rise in the prices of raw materials, input and frieght costs.
This is not somehting that we didn't expect, as nearly all manufacturers have been affected by the rise in input costs and have raised the prices of their products. However, the good news is that the rise in the prices for Mahindra products is only 2%.
This change in prices will be in effect from January 1, 2014. Commenting on the price hike, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We have been holding back prices for a while but now it has become necessary to raise them to partly compensate the increase in materials, input and freight costs. As always, Mahindra remains committed to its customers”.
With the way Mahindra has held its name as one of the top selling Indian automotive maufacturer.