Mahindra & Mahindra is all set to increase the price of all its passenger vehicles by up to Rs 36,000 across models in India. The revision of the prices will come into effect from July 1 this year. Well, it is a massive blow to all the consumers who were planning to buy Mahindra’s passenger vehicles.
SUVs like Scorpio, Bolero, TUV300 and KUV100 NXT will witness the substantial price hike, while the XUV500 and Marazzo will see a marginal hike in prices. However, there will be no changes in the prices of the XUV300 as it already comes equipped with these safety features.
The reason of a price hike in all passenger vehicles is due to the implementation of AIS 145 Safety Norms across all passenger vehicles in India. It is to be noted that the implementation of AIS 145 Safety Norms which includes driver airbag, seat belt reminder for driver and co-driver, rear parking sensors and an over speed alert in all passenger vehicles are compulsory from July 1, 2019.
Rajan Wadhera, President - Automotive Sector, M&M Ltd. said, "At Mahindra safety has been at the core of our product development process and we welcome the regulatory requirements relating to safety upgrades. We value every road user's life and have been effectively contributing to the evolving safety ecosystem. However, the safety regulatory requirement has led to some cost increases. Consequently, we are taking a price hike across some of our passenger vehicles, effective July 1, 2019."
Recently, Mahindra & Mahindra has decided to discontinue the diesel version of KUV100. The petrol and electric avatars of KUV100 will continue to be available for sale in the Indian market.