Mahindra & Mahindra Ltd on Friday announced that the prices of its passenger and commercial vehicles will increase by around 1.9 per cent from January 8, resulting in an increase of Rs 4,500-Rs 40,000, depending on the model and the variant.

In the case of the All New Thar, the current price increase will be effective for all bookings between December 1, 2020 and January 7, 2021.

According to Veejay Nakra, CEO (automotive division), M&M Ltd, “The price increase was necessitated because of the unprecedented rise in commodity prices and various other input costs over the past many months.”

Mercedes-Benz India on Friday also announced an upward revision of prices from January 15, 2021. The price correction would be in the range of 5 per cent. The company cited the weakening of the rupee against the euro and the increase in input costs as the reasons for the price hike.

Martin Schwenk, Managing Director & CEO, Mercedes-Benz India said, “At Mercedes-Benz we offer an enriched product portfolio with latest technology and keep introducing new product enhancements in specific models. We have been operating a sustainable and future ready business; however, a necessary price correction is required to offset the continuous rise in input and operational costs. The new price range of our select vehicles will ensure the brand’s premium price positioning, assuring a sustainable growth both for the brand and our dealer partners, enabling continuation of the best-in-segment customer ownership experiences, equated with Mercedes-Benz.”

The ex-showroom price of a Mercedes C Class, its entry level car will increase by Rs 2 lakh approxiamately while for an AMG GT 63 s four-door coupe the hike will be about Rs 15 lakh .