Mahindra announces price hike for its vehicle range from April 14, 2022

Mahindra & Mahindra Ltd, one of India's leading automotive companies, today announced a price hike of 2.5% on its range of vehicles. This will result in an increase of Rs. 10,000 to Rs. 63,000 on the ex-showroom prices across the range, depending upon the model and the variant. The price hike will be effective from April 14, 2022.

The price revision is result of continuous increase in prices of key commodities such as steel, aluminium, palladium, etc. The company has taken necessary initiatives to partially offset the unprecedented hike in commodity prices to absorb the impact, passing a minimal percentage of cost increase to customers through a price revision. The company is working with its sales and dealer network to communicate the new prices to their customers appropriately.

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 865.60 as compared to the previous close of Rs. 860.85. The total number of shares traded during the day was 130665 in over 4876 trades.

The stock hit an intraday high of Rs. 875.00 and intraday low of 862.45. The net turnover during the day was Rs. 113599440.00.

Source : Equity Bulls

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