Following the footsteps of Maruti Suzuki, Mahindra & Mahindra too have decided to hike their prices by up to Rs. 26,100. The firm has confirmed that the rise is due to the Bharat Stage IV emission norms and a partial rise due to price rise in commodities. However, according to a M&M spokesperson, the fuel price rise has also been taken into consideration while determining the new M&M prices.
The Mahindra & Mahindra flagship model, Scorpio will be now costlier by Rs. 10,300 and Rs. 17,500 (depending on model) than its earlier price. The Xylo will now cost about Rs. 15,900 more while the Bolero will be costlier by as much as Rs. 26,100.
The BS IV norms have become operational in 13 cities in India since the 1st of April. As a result, most of the car giants in India including Hyundai, Maruti Suzuki, and Toyota have hiked their car prices. It is because of the technological advancements required to make the cars BS IV compliant that the cars will have to be costlier now.