Mahindra & Mahindra, India's largest sports utility vehicle (SUV) manufacturer, is increasing prices by up to 2.5% for its internal combustion engine (ICE) SUV and commercial vehicle (CV) range, with an average hike of 1.6% across the portfolio. This price increase, effective 6 April 2026, is attributed to a combination of cost escalations.
For the recently introduced XUV7XO, the price hike is expected to come into effect after the delivery to the first 40,000 price-protected bookings. The price hike will make models such as the Scorpio-N, Thar, Thar Roxx, and XUV 3XO expensive.
Mahindra did not mention price revision of its electric vehicle (EV) portfolio, a segment in which it has a strong presence. The homegrown auto major on Wednesday reported its highest-ever annual domestic passenger vehicle (PV) wholesales at 660,276 units in FY26, surpassing the sales of Tata Motors and Hyundai Motor India to clinch second spot in the domestic passenger vehicle market.
Mahindra’s move to go for price hike comes as commodity prices, particularly steel and precious metal prices have seen a sharp surge in recent times. Most automakers had also withheld price hikes in January to keep the benefit of the GST rate cut intact.
Tata Motors Passenger Vehicles (TMPV) has increased prices of its cars from April 1, 2026. The weighted average increase across its ICE portfolio is around 0.5%, with actual hikes varying by model and variant. Tata Motors has also gone for a price hike of up to 1.5% for its commercial vehicles.
JSW MG Motor has also increased prices by up to 2% across its portfolio, effective April 1, 2026. The revision, which excludes select premium models, will vary depending on the variant and is aimed at offsetting rising input costs, stated the company.
On Wednesday, country’s largest carmaker Maruti Suzuki cautioned that the company may consider a price hike in the near future as commodity prices have been rising since December 2025.