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    Citing cost spike due to safety norms, Mahindra says will increase price of its passenger vehicles

    Citing cost spike due to safety norms, Mahindra says will increase price of its passenger vehicles

    Citing cost spike due to safety norms, Mahindra says will increase price of its passenger vehicles
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    By CNBC-TV18  IST (Published)

    Mahindra and Mahindra Ltd (M&M), part of the $20.7 billion Mahindra Group, has said the price of its range of passenger vehicles will increase by up to Rs 36,000 across models from July 1, 2019 due to the introduction of safety norms required across India.
    Mahindra SUVs that will take a substantial price increase are the Scorpio, Bolero, TUV300 and KUV100 NXT while brands such as the XUV500 and Marazzo will increase prices marginally, the company said in a statement. The implementation of AIS 145 Safety Norms from July 1, 2019 mandate the fitment of several safety features including driver airbag, seat belt reminder for driver and co-driver, rear parking sensors and an over speed alert for the driver across all passenger vehicle models, according to Mahindra.
    In April, the company signed a deal with Ford Motor Co’s Indian unit to jointly develop midsize sports utility vehicles in India.
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