Mahindra to hike vehicle prices by up to 3 pc from January

Mahindra & Mahindra on Friday said it will hike prices of its SUVs and commercial vehicles by up to 3 per cent from January next year.

The adjustment is in response to the rising costs due to inflation and increased commodity prices,Mahindra & Mahindra (M&M) said in a statement.

The automaker has made efforts to absorb as much of these additional costs as possible however, a portion of this increase will need to be passed on to customers, it added.