Date:10/05/2008 URL: http://www.thehindu.com/2008/05/10/stories/2008051054891600.htm

Business

M&M raises vehicle prices

Buyers to pay up to Rs. 21,000 more

NEW DELHI: Mahindra & Mahindra on Friday increased the prices of its products by up to Rs. 21,000 across all categories, driven by rise in the input cost.

Logan price not changed

The increase will be effective from May 19 onwards, post which the consumers will have to shell out Rs. 3,450 to Rs. 21,000 more to buy the company’s vehicles.

The company, however, has not changed the price of Logan, produced by its joint venture with Renault.

M&M is present in the passenger and commercial vehicle segment with brands like Scorpio, Bolero, Invader, Maxx, Marshal Ambulance and Commander 650.

The company also has presence in farm equipment sector with its tractor models. — PTI