Mahindra to Raise SUV and CV Prices by up to 3% in April Amid Cost Rise

24 Mar 2025 CW Team

Mahindra & Mahindra is set to increase the prices of its SUVs and commercial vehicles by up to 3 per cent starting in April 2025. The decision comes as the company looks to offset rising input costs, which it had largely absorbed until now. The extent of the price adjustment will vary across different models in the SUV and commercial vehicle lineup.

The announcement follows a strong performance by Mahindra in February. The automaker recorded total auto sales of 83,702 vehicles during the month, reflecting a 15 per cent year-on-year growth, including exports. In the Utility Vehicles segment, domestic sales reached 50,420 units, marking a 19 per cent increase, while total UV sales, including exports, stood at 52,386 units. The commercial vehicle segment also saw solid demand, with domestic sales amounting to 23,826 units.

Mahindra’s tractor business also demonstrated significant growth. Total tractor sales, including exports, reached 25,527 units in February 2025, compared to 21,672 units in the same period last year. Domestic tractor sales increased to 23,880 units from 20,121, while exports for the month were recorded at 1,647 units.

With this move, Mahindra joins several automakers implementing price hikes from April due to escalating production costs. Companies such as Maruti Suzuki India, Hyundai Motor, Tata Motors, Kia India, BMW, and Honda Cars India have all confirmed similar increases. Luxury car manufacturers, including BMW, have also announced price adjustments for their models beginning next month.

News source: Business Today

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