Mahindra to Hike Prices Across Model Range from January 2025

Mahindra has confirmed a price hike of up to 3% across its SUVs and commercial vehicle range, effective from January 2025. The company cited rising inflation and higher commodity prices as key factors driving the adjustment. Despite its efforts to absorb some of these increasing costs, Mahindra has decided to pass on a portion of the burden to customers to sustain its business operations. This price increase will impact a range of popular Mahindra models, spanning both the passenger vehicle and commercial sectors. Mahindra emphasised that the decision was necessary to ensure continued product quality and to address the challenges posed by the current economic environment. 

Also Read: Mahindra Temporarily Rebrands BE 6e as BE 6 Following Trademark Dispute with IndiGo

If you are looking to buy a Mahindra vehicle, the month of December may be the ideal time to make your purchase, as the brand has announced a price increase across its entire range starting in January. This price hike follows similar moves by other major carmakers in India, including JSW MG Motor, Mercedes-Benz, Maruti Suzuki, Hyundai, and Audi, who also revealed plans to raise prices from January 1, 2025.

In a statement issued on Friday, Mahindra revealed that its SUVs – the XUV400, Thar, Thar Roxx, Bolero, Bolero Neo, XUV 3XO, XUV700, and the Scorpio-N – will see price increases of up to 3%. However, the company has not disclosed which models will experience the highest price hikes. The increase is attributed to rising production costs, driven by inflation and higher prices for automotive components.

Mahindra Sales Numbers: November 2024

Coming to the most recent sales figures, the company reported a 12% year-on-year growth in sales, with 79,083 units sold in November, compared to 70,576 units in the same month the previous year. Domestic sales of utility vehicles (UVs) saw a 16% increase, with 46,222 units sold, up from 39,981 units in November last month. Total utility vehicle sales, including exports, reached 47,294 units.

Also Read: Mahindra XEV 7e Name Trademarked India; Production-Spec Images Leaked Ahead of Launch

In the commercial vehicle segment, Mahindra sold 22,042 units domestically last month. The company also saw a slight rise in tractor sales, with domestic sales reaching 31,746 units, compared to 31,069 units in November 2023. Overall, tractor sales totalled 33,378 units, up from 32,074 units a year ago, with exports growing to 1,632 units from 1,005 units in the same period last year.