Mahindra & Mahindra Announces Price Hike for SUVs and Commercial Vehicles from April 2025
Starting from April 2025, Mahindra & Mahindra (M&M), one of India’s top SUV and commercial vehicle manufacturers, will raise the prices of its vehicles by up to 3%. The company explained that the price hike is necessary due to the rising costs of raw materials, also known as input costs, and higher commodity prices.
Why Mahindra Is Increasing Prices
M&M mentioned that they have tried to handle most of the increased expenses on their own. However, due to the significant rise in costs, they now need to share a part of this burden with customers by adjusting the prices of their vehicles. The exact amount of the price increase will vary depending on the specific SUV or commercial vehicle model.
Mahindra’s February Sales Performance
Before announcing the price hike, Mahindra shared its sales performance for February 2025. The company recorded total auto sales of 83,702 vehicles, which includes domestic sales and exports—a 15% growth compared to last year.
- SUV Sales: In February, Mahindra sold 50,420 SUVs in India, marking a 19% increase in domestic sales. Including exports, the total number of SUVs sold was 52,386.
- Commercial Vehicle Sales: Mahindra sold 23,826 commercial vehicles in February, contributing to its strong domestic performance.
- Tractor Sales: Total tractor sales (both domestic and exports) reached 25,527 units, up from 21,672 units in February last year. Domestic tractor sales alone stood at 23,880 units, a rise from 20,121 units during the same period in 2024.
Competitors Also Raising Prices
Mahindra is not the only company increasing vehicle prices. Its competitors, Maruti Suzuki and Hyundai Motor India, have also announced similar price hikes starting in April. Other brands like Kia, Honda, and Tata Motors have already raised their prices due to growing costs. Even luxury carmakers, including BMW, confirmed that they will increase prices next month.
Why the Auto Industry Is Facing Price Pressure
The entire automobile sector in India is feeling the impact of rising costs. According to reports, the prices of essential raw materials, like steel and aluminum, have gone up. Additionally, logistical costs, which include transporting vehicles and raw materials, have increased. These challenges have forced automakers to adjust their prices.
What This Means for Car Buyers
If you are planning to buy an SUV or a commercial vehicle from Mahindra, it might be a good idea to make your purchase before April to avoid paying higher prices. The company remains committed to delivering quality vehicles but has emphasized that the price adjustment is necessary to maintain sustainable operations.
