Mahindra cars to get dearer from January

Domestic car manufacturer Mahindra seems to be the only one to dare a price rise of 3% on its car models apart from Toyota India. Why not, Mahindra and Mahindra is one of the car manufacturers to have recorded remarkable sales during this fiscal. What more, the auto major has touched the 30 lakh sales mark recently. The Mahindra car prices will go up beginning from January 1st of next year. Mahindra India is one of the car manufacturers to implement a straight rise of 3%, while other car manufacturers like Hyundai India and General Motors India  have restricted it to under 2% and not beyond.

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Except for a few like the upcoming SsnagYong cars, Mahindra and Mahindra has almost its entire fleet of cars locally produced in India. Not just this, the popular utility vehicle manufacturer makes major chunk of its profits through exports. So, unlike car manufacturers who are negatively being affected by the depreciating rupee, Mahindra India has quite a few reasons to rejoice. The depreciating rupee has worked in favour of the auto major than in the contrary. The utility car manufacturer exports commercial vehicles and a few passenger cars including Mahindra XuV500 to South East Asian countries, South Africa and Brazil among other markets. Its plans to emerge as a global manufacturer has taken another step forward.

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Thailand, Indonesia or Malaysia are the markets where Mahindra intends to set up a new manufacturing unit. To mark its success and as a part of year-end sales, Mahindra and Mahindra has announced some lucrative discounts on its flagship models. Mahindra Xylo, Mahindra Scorpio and the Mahindra Verito sedan are the selected models to be offered with a cash discount of Rs 60,000, Rs 40,000 and Rs 35,000 respectively. A compact MPV version of its flagship model Mahindra Xylo, the Xylo Mini is likely to be showcased by the auto major at the 2012 Auto Expo, which is to begin from 7th January , next year. Other cars from Mahindra will be the SsangYong's two new SUVs, the Rexton and Korando.

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