Mahindra & Mahindra weighs SUV price hike amid rising commodity costs ...Middle East

Mahindra & Mahindra is weighing another price increase across its SUV portfolio amid recent commodity price increases, with a decision expected in the next couple of weeks, its Automotive President and CEO Nalinikanth Gollagunta said. In an interview with PTI, Gollagunta said the company has already taken three price increases this year -- in January, April and July, with the July increase being about 2.7 per cent on sports utility vehicles (SUVs). "We're watching it very closely. As you know, we've already taken three increases -- one in January, one in April, and a fairly significant one in July, about 2.7 per cent on SUVs. That said, it's something that can be very dynamic, so we continue to watch it," he said. Elaborating further, Gollagunta said, "We'll probably take a call in the next couple of weeks on whether we need a price increase... I can't say we will or we won't, but it's something we're looking at closely, given the recent price increases on commodities". He said ...

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