Indian auto manufacturer Mahindra & Mahindra (M& M) has announced the price hike on its utility vehicles by up to Rs 26,100.
“The prices of all our vehicles are increased due to Bharat Stage-IV emission norms and slight effect of commodity price increase,” an M& M spokesperson said. He also said that the effect of fuel price increase has also been taken into consideration while determining the amount of price hike.
Now, the flagship sports utility vehicle of M&M, Scorpio, would cost about Rs 10,300 and Rs 17,500 more than its previous price. It has also hiked utility vehicle Bolero’s price by about Rs 26,100. The official also revealed the increase of prices on its latest offering Xylo. The Xylo will now be expensive by Rs 15,300-15,900.
From this month onwards, 13 Indian cities have upgraded to the new Bharat Stage IV emission norms. Following this, country’s major car manufacturers, including Hyundai, General Motors, Maruti Suzuki and Toyota, have increased their vehicle prices.
The new Bharat Stage IV emission norms require an upgradation in vehicle technologies and auto companies said that they would have to pass on the increased cost to its customers.
In February, auto manufacturers had hikes the prices by up to Rs 70,000, following the increase in excise duty on all non-oil products to 10 per cent in the Budget.