After Maruti, Mahindra to Hike Prices of All Models From 1 April

The Mahindra KUV100 though, will become more expensive effective immediately.

Mahindra has decided to increase prices to offset extra cess applied in the Union Budget 2016-17. (Photo: Reuters)

Auto major Mahindra & Mahindra today announced an increase in prices of its passenger vehicles by Rs 5,500 to Rs 47,000, effective from 1 April, to offset excise duty hike in Budget 2016-17.

In absolute terms, prices will go up by Rs 5,500 to Rs 47,000, depending on the model and prevailing prices.

Praveen Shah, Chief Executive, Passenger Car Business, Mahindra

Prices of recently launched KUV100, however, have been hiked with immediate effect. While the petrol model will be costlier by 1 per cent, the diesel model will be dearer by 2.5 percent. Following the Budget proposal to increase excise duty to the tune of 1-4 percent and an additional cess, almost all the automakers led by market leader Maruti have increased retail prices to pass on the duty increases and protect bottom lines.

Also read: Tata Motors to Hike Passenger Vehicle Price by Rs 35,000