Mahindra and Mahindra to hike price of personal vehicles by up to Rs 36,000 from 1 July

Auto major Mahindra & Mahindra (M&M) on Wednesday said it will hike the price of its range of personal vehicles by up to Rs 36,000 across models with effect from 1 July

Press Trust of India June 19, 2019 13:31:07 IST
Mahindra and Mahindra to hike price of personal vehicles by up to Rs 36,000 from 1 July
  • Mahindra said, the SUVs that will take a substantial price increase are the Scorpio, Bolero, TUV300 and KUV100 NXT

  • While prices of XUV500 and Marazzo will increase marginally

  • Shares of M&M were trading 1.13 percent lower at Rs 618.90 apiece on BSE

New Delhi: Auto major Mahindra & Mahindra (M&M) on Wednesday said it will hike the price of its range of personal vehicles by up to Rs 36,000 across models with effect from 1 July.

"This price increase is due to the implementation of AIS 145 safety norms across all passenger vehicles in India," the company said in a BSE filing.

Mahindra and Mahindra to hike price of personal vehicles by up to Rs 36000 from 1 July

Representational image. Reuters.

Mahindra said, the SUVs that will take a substantial price increase are the Scorpio, Bolero, TUV300 and KUV100 NXT, while brands such as the XUV500 and Marazzo will increase prices marginally.

Implementation of AIS 145 Safety Norms from 1 July, 2019 mandates the fitment of several safety features including driver airbag, seat belt reminder for driver and co-driver, rear parking sensors and an over-speed alert for the driver across all passenger vehicle models, the company added.

"At Mahindra, safety has been at the core of our product development process and we welcome the regulatory requirements relating to safety upgrades....However, the safety regulatory requirement has led to some cost increases. Consequently, we are taking a price hike across some of our passenger vehicles, effective 1 July, 2019," M&M President - Automotive Sector Rajan Wadhera said.

Shares of M&M were trading 1.13 percent lower at Rs 618.90 apiece on BSE.

Updated Date:

also read

Mahindra’s Classic Legends resurrects the BSA Gold Star: Check out new 650 cc retro bike in first pictures
News & Analysis

Mahindra’s Classic Legends resurrects the BSA Gold Star: Check out new 650 cc retro bike in first pictures

Legendary British motorcycle marque BSA has been revived by Mahindra’s Classic Legends two-wheeler division; first model is the reborn 2022 BSA Gold Star.

Petrol, diesel prices today: Rates constant on 23 November, check here what you need to pay in your city
Business

Petrol, diesel prices today: Rates constant on 23 November, check here what you need to pay in your city

Petrol and diesel prices on 23 November 2021: Petrol price in Delhi stands at Rs 103.97 per litre while diesel is available for Rs 86.67. In Mumbai, petrol is retailing at Rs 109.98 while diesel costs Rs 94.14

Petrol, diesel prices today: Rates constant on 24 November, check here what you need to pay in your city
Business

Petrol, diesel prices today: Rates constant on 24 November, check here what you need to pay in your city

Petrol and diesel prices on 24 November 2021: Petrol price in Delhi stands at Rs 103.97 per litre while diesel is available for Rs 86.67. In Mumbai, petrol is retailing at Rs 109.98 while diesel costs Rs 94.14