Mahindra & Mahindra on Friday March 04,2016 announced an increase in the prices of its passenger vehicles by Rs. 5,500 to Rs. 47,000, effective April 1,2016 to offset the excise duty hike in Budget 2016-17.
Prices of the 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 told
Prices of the 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 told
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