Mahindra flags strong SUV, EV demand; second price hike possible in 4-6 weeks
Mahindra says SUV demand could grow 10 points YoY while EV sales have scaled from 4,000 to 6,000+ units/month against expanded capacity of 8,000. Waiting periods stretch 6-8 weeks. After a 1.8% April hike, another increase is on the table if commodity and battery costs stay elevated.
Mahindra says SUV and EV demand remains strong, with supply-chain bottlenecks limiting output. EV sales rose to 6,000+ units/month, capacity expanded to 8,000. Another price hike possible in 4-6 weeks if commodity and battery costs stay elevated.