Mahindra & Mahindra have hiked prices of its utility vehicles by up to Rs.26,100. The price are increased due to Bharat Stage-IV emission norms and slight effect of commodity price increase. The effect of fuel price increase has also been taken into account while determining the quantum of hike, he added.
Mahindra & Mahindra (M&M) has increased the price of its flagship sports utility vehicle Scorpio between Rs. 10,300 and Rs. 17,500. Bolero gets dearer Rs. 26,100. Xylo will now be expensive by Rs. 15,300-15,900.
With newer technology required for upgradation, auto companies had said they would have to pass on the increased cost to customers.
In February, following the 2-per cent increase in excise duty on all non-oil products to 10 per cent in the Budget, auto players had hiked prices by up to Rs. 70,000.