Mahindra & Mahindra, a leading Indian automobile manufacturer, has declared a price increase of up to 3% across its range of SUVs and commercial vehicles, effective from April 2025. This decision aligns with similar moves by other Indian automakers, including Maruti Suzuki, Tata Motors, and Hyundai Motor India, who have announced price hikes between 2% and 4% starting next month.
The primary factors driving these price adjustments are escalating commodity prices, higher import duties on raw materials, and ongoing supply chain disruptions. Mahindra & Mahindra has indicated that the extent of the price increase will vary depending on the specific vehicle model. These industry-wide price revisions highlight the challenges faced by automobile manufacturers in maintaining profitability amid rising input costs.