Mahindra & Mahindra has increased the prices for its ICE (Internal Combustion Engine) SUVs and commercial vehicles by up to 2.5%, according to a release issued by the company on Thursday.
The automaker also announced an average hike of 1.6% across its portfolio. The new rates will come into effect from April 6.
The decision to revise the prices was attributed to a combination of cost escalations faced by the company.
"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," it said.
The company had also announced a similar 3% price hike in March 2025, citing rising input costs.
Notably, M&M has become the second-largest passenger vehicle maker by volume in the Indian market in 2025-26, riding on its SUVs.
Mahindra overtook long-time number two player Hyundai Motor India and homegrown rival Tata Motors Passenger Vehicles Ltd in FY26. Maruti Suzuki is the market leader in India.
According to sales data released by automakers, Tata Motors Passenger Vehicles Ltd was the third-largest by sales in FY26, ahead of Hyundai Motor India Ltd, which dropped to fourth from second in FY25.
Maruti Suzuki India continued to lead the domestic market with its passenger vehicle sales of 18,23,129 units in FY26 as against 17,60,767 units in FY25, registering a growth of 3.54%.
Following in the second place was Mahindra & Mahindra with 6,60,276 units in FY26 as against 5,51,487 units in FY25, a growth of 20%.
Tata Motors PV was in the third spot with FY26 domestic sales of 6,31,387 units as compared to 5,53,585 units in FY25, up 14%.
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