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Thar-Scorpio and XUV 7XO to Get Pricier! M&M Plans Fourth Price Hike!
M
Moneycontrol•27-09-2026, 13:28
Thar-Scorpio and XUV 7XO to Get Pricier! M&M Plans Fourth Price Hike!
- •Mahindra & Mahindra (M&M) is considering a fourth price hike for its SUVs due to rising commodity costs.
- •The company has already increased prices three times this year in January, April, and July, with a 2.7% hike in July.
- •Nalinikanth Gollagunta, Automotive President and CEO, stated that a decision on further price increases will be made in the coming weeks.
- •Gollagunta claims previous price hikes haven't significantly impacted customer inquiries or bookings, as prices are still lower than pre-GST cut levels.
- •M&M is focusing on Electric Vehicles (EVs) and aims to increase production capacity for ICE vehicles to 70,000 and EVs to 12,000 units per month by March 2025.
Key Questions Answered
Mahindra & Mahindra has already raised its vehicle prices three times this year, specifically in January, April, and July, with the July hike increasing SUV prices by approximately 2.7% due to rising commodity costs.
Customer inquiries and bookings remain robust because Mahindra's vehicles are still priced lower than their pre-GST reduction levels.
Mahindra plans to scale its total monthly production capacity from 68,000 units to 84,000 units within six months, aiming to raise ICE vehicle production to 70,000 and electric vehicle production to 12,000 units per month.
