Mahindra & Mahindra (M&M) is set to take price hikes up to 3% on its passenger and commercial vehicles from January 1, 2018, as per media sources.
With increasing input prices, a company has decided to pass on the burden and take price hike across its product range.
The company sells a range of vehicles, including SUVs Scorpio and XUV500, in the country.
Yesterday Maruti had announced a price hike of ~2% starting January 2018. Earlier other players viz. Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu already announced price hikes from early next year.
M&M derives revenue from farm equipment (50%), automotive including 2W (27%), financial services (18%) and others (5%) as on FY17. It is a market leader in the tractor industry with share of ~44% as on 1HFY18. On account of new launches and normal monsoon, Management expects the industry to grow at 12-14% in FY18. In the automotive business, M&M expects UV segment to perform well backed by two new launches and three product refreshes.
Mahindra & Mahindra Ltd is currently trading at Rs 1468.45, up by Rs 36.75 or 2.57% from its previous closing of Rs 1431.7 on the BSE.
capitalstars quick payment
capitalstars career
Get more details here:-
A fantastic blog with a lot of useful information. I would love to get updates from you. Please click here Cash Premium Free Tips
ReplyDeleteThis Information is really good and informative. Thanks for it.
ReplyDeleteCheck below links and get useful information.
Krishna Capital and Securities Ltd
Ramkrishna Forgings Ltd
Neueon Towers Ltd