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