Mahindra to raise the prices of SUVs and CVs by up to 3 % from April, joins competitors with an increase

Starting in April, Mahandra and Mahindra will do the prices of SUVs and commercial cars by up to 3 percent. The company said it had absorbed most of the costs of the increasing inputs, but now it is forced to transfer part of the burden to buyers.

Mahandra said in her official statement that the high prices will differ in various SUVs and commercial cars.

This comes in the aftermath of a strong February for the Mumbai’s headquarters. MAHINDRA recorded total car sales of 83,702 cars last month, which represents an increase of 15 percent on an annual basis, including exports. In the pioneering utility vehicles sector, local sales reached 50,420 units – an increase of 19 percent – while total UV sales, including exports, 52,386 units. Commercial vehicle sales in the local market were 23,826 units.

The company also witnessed a strong traction in the tractor sector. Total tractor sales (local and export) did not touch 25,527 units in February 2025, an increase of 21,672 units a year ago. Local sales alone rose to 23880 units from 20,121 in February 2024, while exports for this month reached 1647 units.

Mahandra joins a growing list of auto manufacturers that increase vehicle prices from April, noting the high costs of inputs. Many car manufacturers including Maruti Suzuki India, Hyundai Motor, Tata Motors, Kia India, BMW and Honda Cars India to raise vehicle prices from next month, quoting high input costs.

Maruti Suzuki and Hyundai Motor India, one of the largest competitors of Mahindra, announced the high prices, starting in April. Kia, Honda and Tata Motors have already announced the high prices due to increased input costs. Luxury car makers, such as BMW, have confirmed the rise in prices from next month.

On Friday, the shares of M&M closed 1.08 percent less at $ 2,799.30 on BSE.