Mahindra & Mahindra It will increase the prices of its SUVs and commercial vehicles by up to three percent from January next year. Mahindra & Mahindra (M&M) said in a statement on Friday that the price increase is due to increase in input costs due to inflation and rise in commodity prices. The company said it has tried to minimize additional costs as much as possible. However, a part of this increase will have to be passed on to customers. The auto major said the price increase across various SUVs and commercial vehicles will be up to three percent.
MG Motor will also increase prices
JSW MG Motor India will also increase the prices of various models of its vehicles by up to three percent from January. The company said in a statement on Friday that the price increase is a result of continuously increasing cost of spare parts and other external factors. Satinder Singh Bajwa, Chief Commercial Officer, JSW MG Motor India, said, “Our dedication to quality, innovation and sustainability is a priority and drives us to continuously improve our offering. In doing so, a modest price increase is inevitable to offset rising raw material costs.''
Suzuki and Hyundai cars will also be expensive
Maruti Suzuki India announced an increase in vehicle prices from January to cushion the impact of operating expenses. Suzuki will increase the prices of its various models by up to four percent from January. Maruti Suzuki said in the information given to the stock market that in view of the rising cost of raw materials and operating expenses, the company has planned to increase the prices of its cars from January 2025. The price increase is expected to be up to four percent and will vary depending on the model. It said, “While the company continuously strives to optimize costs and minimize the impact on its customers, some part of the increased costs may have to be passed on to the market.” Apart from this, Hyundai Motor India also made a Has announced an increase of up to Rs 25,0000 in its vehicles from January. Various luxury vehicle manufacturers Mercedes-Benz, BMW and Audi have also announced to increase vehicle prices from next month.
(With inputs from PTI/Language)
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