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Mahindra is all set to hike the prices of all models in January

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Mahindra LogoDue to raise in commodity rates Auto-maker Mahindra & Mahindra recently reveal that it will increase the prices of its products across all categories in January.
 
From next year main car makers such as Hyundai Motor India and General Motors had also declared to raise the prices to offset the pressure from raw materials, including natural rubber.
 
"There will definitely be a price increase in January and we are finalizing it at present... It will be across all categories (passenger and commercial vehicles)," Mahindra & Mahindra (M&M) senior vice-president (Sales and Customer Care, Automotive Sector) Arun Malhotra told reporters in New Delhi.
 
Previously, one more auto-maker Tata Motors was understood to have decided to increase prices of its passenger vehicle models, except Nano and Aria, by up to 1.5 per cent from January. On the other hand Volkswagen had said it would increase the prices of its small car Polo by over 2.9 per cent with effect from January 1, 2011.

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Posted by Yogendra Oza on 5 January, 2011 12:50:44 PM IST #