Mahindra Announces Price Hike of Upto ₹57000 for Three of Its Flagship Model-Scorpio-N, Thar, XUV700

Mahindra and Mahindra, the prominent Indian automotive manufacturer, has recently announced a price hike for three of its flagship models – Scorpio-N, Thar, and XUV700 SUVs. The decision comes shortly after the unveiling of the updated XUV700, featuring new features and color options. This move is a part of the company's strategy to cope with the escalating production costs, resulting in an immediate effect on specific variants of the aforementioned SUVs.

Also Read: Mahindra Announces Price Hike Across SUV & CV Range Effective From Jan’24

XUV700 Leads the Pack:

The most significant increase is observed in the XUV700 SUV. The AX7 L petrol variant, equipped with a 7-seat configuration and manual gearbox, faces a substantial hike of ₹57,000. Similarly, the diesel variant, available in both manual and automatic transmission, witnesses a price surge of up to ₹53,000. However, amidst the hikes, eight variants of the XUV700 experienced a reduction in prices, with the entry-level petrol variants seeing a drop of up to ₹15,000. The XUV700's pricing now ranges from ₹13.99 lakh (ex-showroom) to ₹26.99 lakh (ex-showroom), with seven variants maintaining their existing price points.

Scorpio-N and Scorpio Classic Follow Suit:

The Scorpio-N and Scorpio Classic models have also fallen prey to the price hike, with increases of up to ₹40,000. Interestingly, the Z8 7-seater AWD variant with automatic transmission remains unaffected at ₹23.08 lakh (ex-showroom). The steepest increase is witnessed in the Z8 L 6-seater with manual transmission, affecting both petrol and diesel versions. The Scorpio-N SUV is now priced between ₹13.60 lakh (ex-showroom) and ₹24.54 lakh (ex-showroom).

Thar SUV Joins the Trend:

All variants of the Thar SUV experience a surge in prices, with the highest increase noted in the AX(O) diesel manual variant, up by ₹35,000. The top-end petrol variant, LX with an automatic gearbox, sees a hike of ₹34,000. The Thar SUV's price range now starts from ₹11.25 lakh (ex-showroom) and goes up to ₹17.20 lakh (ex-showroom).

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Verdict

As Mahindra and Mahindra aligns its pricing with the evolving production landscape, consumers are advised to check the latest price list before making a purchase. The hikes, though inevitable due to the rising costs, are accompanied by a strategic reduction in certain variant prices, showcasing the manufacturer's commitment to providing a balanced offering. The refreshed pricing structure is now in effect, reflecting the ongoing challenges faced by the automotive industry.