Mahindra has confirmed a price increase of up to 3% across its SUV and commercial vehicle range, effective from January 2025. The hike is attributed to rising inflation and higher commodity prices, which have impacted production costs. Affected models include popular SUVs such as the XUV400, Thar, XUV700, and Scorpio-N, although the company has not disclosed which specific models will see the highest increases.
This move follows similar price hikes announced by other automakers, including Maruti Suzuki, Hyundai, and Mercedes-Benz. Mahindra emphasized that the price adjustment is necessary to maintain product quality and manage operational costs amid economic challenges.
Mahindra Scorpio N |
Mahindra reported strong sales growth in November 2024, achieving a 12% year-on-year increase. The company sold 79,083 units last month, compared to 70,576 units in November 2023. The domestic sales of utility vehicles (UVs) surged by 16%, reaching 46,222 units, up from 39,981 units in the same period last year. Total UV sales, including exports, amounted to 47,294 units. This performance highlights Mahindra's growing presence in the SUV segment and reflects the continued demand for its utility vehicles.
Mahindra XUV.e9 |
Mahindra reported strong sales in November 2024, with its commercial vehicle segment selling 22,042 units domestically. Tractor sales also saw a modest increase, reaching 31,746 units in the domestic market, up from 31,069 units in November 2023. Total tractor sales, including exports, stood at 33,378 units, compared to 32,074 units last year. Exports of tractors saw significant growth, rising to 1,632 units from 1,005 units in the same period last year, reflecting Mahindra’s expanding global footprint.
