Mahindra announces price hike across models

After the recent price hike announcement from Maruti Suzuki India Limited (MSIL), the country’s largest SUV manufacturer Mahindra and Mahindra has also announced that it too has increased the prices of its models in its India portfolio. Mahindra in the official announcement said that it will hike the price of its vehicles by 2.5 per cent which will be in the vicinity of between Rs. 10,000 and Rs. 63,000 (ex-showroom), depending on the model and variant. The price hike will become effective from April 14, 2022.

Mahindra announces price hike across models

The domestic utility vehicle producer in its official statement stated that the recent price spike has come into effect due to an unprecedented surge in the cost of commodities such as steel, aluminium, palladium, and other metals. According to Mahindra & Mahindra, it is mitigating some of these costs by revising the prices of its passenger vehicles, and the amended price list will be sent to dealerships across India very shortly.

In other Mahindra news, the company chief Anand Mahindra recently shared a teaser video showing a glimpse of the interiors of the upcoming electric SUV. In his tweet, Mahindra said, “Bit by bit, we’re showing you our future…”. Mahindra presently does not offer an electric car for personal use in its portfolio, and the company’s planned electric vehicles will mark a new chapter for the SUV manufacturer. The video shared by Anand Mahindra on Twitter gives us an insight into the interior looks of one of the electric SUV concepts that will be unveiled in the coming months. The company may release further teaser videos in the following days or weeks, according to the tweet.

Earlier Mahindra has also released a teaser image and a video of its three electric SUV range. The models in the picture were distinguished by different LED DRLs. The electric version of the XUV300 SUV is one of the electric SUVs that is scheduled to be introduced and the SUV was reportedly sighted in the wild, covered in thick camouflage. The electric version of the XUV300 is anticipated to have some visual tweaks and appear a lot sharper than the petrol or diesel engine version. LED DRLs in the form of a C and LED tail lights would be standard on all the three upcoming SUVs.

The larger SUV in the forthcoming range will most likely be an electrified version of Mahindra’s XUV700. The Mahindra e-XUV900, a coupe-styled electric variant of the XUV700, is expected to be the name. Mahindra is also planning to invest roughly around Rs 3,000 crore on electric vehicles right now. Additionally, Mahindra will also electrify four of its current internal combustion engine SUVs. Aside from that, the company is working on an all-new four-wheel-drive vehicle for India.

The Mahindra XUV 300 electric, or Mahindra XUV400 as some sources are calling it, will contest in the sector with the best-selling Tata Nexon EV. It will also rival other electric SUVs such as the MG ZS EV. Mahindra is likely to release a 40-kWh battery pack with a power output of around 130 Bhp. The SUV is predicted to have a range of around 300 kilometres or more.