Mahindra And Mahindra Hikes Prices By 15,000

It has hardly been three months and auto companies are ready with reasons for their second price hike. Numero Uno Maruti Suzuki, Tata Motors, Toyota and now Mahindra and Mahindra have hiked prices of all their car models. The hike varies from Rs. 7,000 to Rs. 15,000 which is 1.5 per cent to 2 per cent depending on the model you choose.

The company officials gave no new reason for the hike apart from the increase in price in the input goods. M&M currently is selling Bolero, Xylo, Scorpio, Logan & Thar and the hike is pressed on all these cars.

Mahindra was also in news for the Ssangyong venture on introducing the Rexton & Korando C which will take the Indian SUV scene to a new level. Mahindra has also taken over Reva the first Indian electric cars who are currently selling the REVAi while the Reva NXG and Reva NXR are in the pipeline for 2012-2013. Mahindra had recently started a new brand position under the name “RISE” which is supposed to help the company to communicate with one brand voice, one face and one core purpose.