Following the recent price hike from Maruti Suzuki India Limited (MSIL), the country’s largest SUV maker Mahindra and Mahindra have also announced that it has also increased the price of its models in its Indian portfolio. Mahindra has officially announced that it will increase the price of its cars by 2.5 per cent, which will be in rupees. 10,000 and Rs. 63,000 (ex-showroom), depending on the model and variant. The price increase will be effective from April 14, 2022.
The domestic utility vehicle manufacturer said in an official statement that the recent price hike was due to the unprecedented rise in prices of products such as steel, aluminum, palladium and other metals. According to Mahindra & Mahindra, it is reducing some of these costs by revising the price of its passenger vehicles and the revised price list will soon be sent to dealerships across India.
In other Mahindra news, company chief Anand Mahindra recently shared a teaser video showing a glimpse of the interior of the upcoming electric SUV. In his tweet, Mahindra said, “Little by little, we are showing you our future …”. Mahindra does not currently offer an electric car for personal use in its portfolio, and the company’s planned electric cars will mark a new chapter for SUV manufacturers. The video shared by Anand Mahindra on Twitter gives us an insight into the interior look of an electric SUV concept that will be unveiled next month. The company may release more teaser videos in the next day or week, according to the tweet.
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Earlier, Mahindra released a teaser image and a video of its three electric SUV range. The photo models were distinguished by different LED DRLs The electric version of the XUV300 SUV is one of the electric SUVs set to launch and the SUV was spotted in the woods, covered in thick camouflage. The electric version of the XUV300 has some visual changes and is thought to be much sharper than the petrol or diesel engine version. LED DRL in the form of C and LED tail lights will be standard in three upcoming SUVs.
The larger SUV in the upcoming range will probably be an electrified version of Mahindra’s XUV700. The Mahindra e-XUV900, a coupe-style electric variant of the XUV700, is expected to be named. Mahindra is now planning to invest around Rs 3,000 crore in electric vehicles In addition, Mahindra will electrify four of its current internal combustion engine SUVs. In addition, the company is working on a brand new four-wheel-drive vehicle for India.
Sources like Mahindra XUV 300 Electric, or Mahindra XUV400, say it will compete with the best-selling Tata Nexon EV in this sector. It will compete with other electric SUVs like the MG ZS EV. Mahindra can release a 40-kWh battery pack with about 130 Bhp power output. The range of the SUV is estimated to be about 300 kilometers or more
Read more: Tata Nexon prices rise; Diesel variant off