Mahindra & Mahindra Ltd. (M&M), part of the USD 19.4 billion Mahindra Group on Tuesday announced that it’ll increase the price of its range of Passenger and Commercial Vehicles, across models from 1st January 2021. The company has attributed the price hike to increase in commodity prices and other input costs.
“This has been necessitated due to the increase in commodity prices and various other input costs. Details of the price increase across different models will be communicated in due course” the company said in a regulatory filing.
