Mahindra to hike prices by up to 2% in August

Mumbai : Automobile major Mahindra & Mahindra (M&M) plans to raise passenger vehicle prices next month due to increase in commodity prices.

According to M&M, the prices of passenger vehicles will be increased by up to Rs 30,000 or two per cent effective August 2018.

Rajan Wadhera, President - Automotive Sector, M&M said: "With the ongoing increase in commodity prices we plan to take a price hike of up to 2 per cent in some models."