Auto major Mahindra & Mahindra on Friday announced an increase in prices of its passenger vehicles by Rs 5,500 to Rs 47,000, effective April 1, to offset excise duty hike in Budget 2016-17.
Auto major Mahindra & Mahindra on Friday announced an increase in prices of its passenger vehicles by Rs 5,500 to Rs 47,000, effective April 1, to offset excise duty hike in Budget 2016-17.
Prices of recently launched KUV100, however, have been hiked with immediate effect. “Though the 1-4 per cent duty hikes are already effective, we have decided to pass on the price increases only from April 1. Prospective customers can still avail of our various passenger cars at the pre-Budget prices all through March.
“In absolute terms, prices will go up by Rs 5,500 to Rs 47,000, depending on the model and prevailing prices,” Mahindra chief executive for passenger car business, Praveen Shah said. He, however, added that KUV100, launched mid-January will attract new prices with immediate effect.
While the petrol model will be costlier by one per cent, the diesel model will be dearer by 2.5 per cent.
