M&M hikes prices of personal, commercial vehicles by 1.9%

Mahindra & Mahindra on Friday announced hike in prices of its range of personal and commercial vehicles by around 1.9 per cent with immediate effect.

M&M, part of the USD 19.4 billion Mahindra Group, will raise the prices of range of personal and commercial vehicles by Rs 4,500 - Rs 40,000, depending on the model and variant, the Mumbai-based automaker said in a regulatory filing.

M&M said in the case of new Thar, the current price increase will be effective for all bookings done between December 1, 2020 and January 7, 2021.

All fresh bookings for the new Thar, effective January 8, 2021, will have prices as applicable on the date of delivery, the company added.