Mahindra & Mahindra (M&M) said on 28-Dec-2010 that it will increase the prices of all its vehicles across the board (passenger & commercial vehicles) from January 2011. M&M said the price hike is necessitated due to increase in the commodity rates.
M&M senior vice-president (Sales and Customer Care, Automotive Sector) Arun Malhotra said "The prices of all raw materials, especially rubber and steel components, have gone up in recent times."
Tata Motors also is expected to increase the prices of all its passenger vehicles with the exception of Nano and Aria, by 1.5 per cent from January 2011.
