Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Mahindra & Mahindra to hike passenger vehicle prices from January

Dec 12 2013, 17:08 IST
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Mahindra & Mahindra Ltd to raise the prices of its passenger and commercial vehicles by up to 2% with effect from Jan 1, 2014. Mahindra & Mahindra Ltd to raise the prices of its passenger and commercial vehicles by up to 2% with effect from Jan 1, 2014.
SummaryLeading car makers Maruti Suzuki, Hyundai and Tata Motors had already announced hike in prices of their products.

Mahindra & Mahindra Ltd (M&M Ltd) today announced that it would be raising the prices of its passenger and commercial vehicles by up to 2%. This increase would be effective January 1, 2014.

The price increase is primarily due to rising materials, input and higher freight costs, the company said in a statement.

Commenting on the price hike, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We have been holding back prices for a while but now it has become necessary to raise them to partly compensate the increase in materials, input and freight costs."

Leading car makers Maruti Suzuki India, Hyundai and Tata Motors had already announced hike in prices of their products from January, joining the likes of Mercedes, BMW, Audi and Honda.

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