Mahindra and Mahindra (M&M) has said it will raise the prices of its range of passenger and commercial vehicles by up to 2 per cent. The new prices will become effective from Jan 1, 2014.
Pravin Shah, CEO, Automotive division, M&M said, “We have been holding back prices for a while but now it has become necessary to raise them to partly compensate the increase in materials, input and freight costs.”