Like other automobile companies, the country’s giant Mahindra has announced an increase in the price of its vehicles. Mahindra & Mahindra (M&M) has increased the prices of its private and commercial vehicles by about 1.9 percent with immediate effect. These prices come into effect from 8 January 2021. This means that now customers will have to pay more for all popular vehicles of the company, from Bolero and Thar.
Mahindra Thar also increases in price
The company said that according to the different variants of Mahindra’s trains, the price has been increased from Rs 4,500 to Rs 40,000. If Mahindra believes, even the new Thar is not untouched by this decision. The new Mahindra Thar price will apply to all bookings made between 1 December 2020 and 7 January 2021. The company said that from 8 January 2021, the price at the time of delivery will be applicable on all fresh bookings of New Thar.
What is the new price
The new prices have been updated on Mahindra’s website. The Mahindra Thar price now starts at Rs 12.10 lakh (ex-showroom, New Delhi), which was earlier Rs 11.90 lakh. Let us know that earlier the company has also discontinued the base model AX of Thar, which was even lower in price. Talking about Mahindra Bolero, its initial price has been Rs 8.17 lakh.
What is cleaning company
Vijaya Nakra, CEO of Mahindra & Mahindra’s automotive division, said the cost was continuously rising for the last several months, which necessitated the price increase. He said, ‘We have made all efforts to reduce our costs and defer the price hike for a long time, but we have been increasing the prices since January 8, 2021 due to rising raw material costs.
The beginning of the year was not good for Mahindra
Let us tell you that the beginning of the year 2021 for Mahindra has been with difficult decisions. On the very first day of the year, Mahindra and Ford decided to end their joint venture. If Ford is to be believed, the two companies had signed a definitive agreement in this regard in October 2019, the period of which ended on 31 December 2020. Earlier in December, Mahindra & Mahindra’s loss-making South Korean entity Sangyong Motor Company (SYMC) applied for ‘insolvency’ action.