Citing higher input costs as the reason behind this decision, Mahindra & Mahindra today announced that it plans to increase prices of its passenger and commercial vehicles by up to 3%. This hike will be effective from 1st January 2018. Commenting on the decision, Rajan Wadhera, President – Automotive Sector, Mahindra & Mahindra Ltd. said, “We have been holding back on price hikes and absorbing the higher input costs for a while, but with the increase in commodity prices we will have to take a price increase.”
Mahindra introduced a facelifted Scorpio recently, with prices starting at INR 9.97 lakh for the S3 variant. The New Scorpio now comes with a 140 bhp mHawk engine, new 6-speed transmission, enhanced driving dynamics, and a few changes to the styling and interiors. It will be available in 6 variants: S3 (75bhp m2DICR engine), S5, S7 (120 bhp, 280 Nm mHawk engine), S7 & S11 (140 bhp, 320 Nm and optional 4WD on S11). It will be available in multiple seating configurations allowing owners to choose from 7, 8 & 9 seater options to match their needs.
Mahindra’s Electric Mobility division also recently announced that they will be launching three new high-performance cars by 2019-20. The three new cars will have top speeds of 186 kph, 150 kph and 190 kph and will go from 0-100 kph in 9, 11, and 8 seconds respectively. The range of these cars would be 350 km, 250 km, and 300 km. In addition to these, a facelifted XUV 500 will be introduced early next year and will be propelled by a more powerful engine. It will carry minor styling updates and some new features in the cabin too.
The carmaker has also opened its new Headquarters along with a Manufacturing Facility in Metro Detroit, USA, as a part of its North American growth strategy. Mahindra will manufacture a new SUV at the facility – an off-highway vehicle called the ROXOR. Designed and engineered by Mahindra North America, the vehicle promises to be unlike anything currently on the market and will extend Mahindra’s current position in this growing segment. There isn’t any news yet if this said vehicle will make it India too.