New Delhi, 10 May 2008: Homegrown auto major Mahindra & Mahindra today announced to increase the prices of its products by up to Rs 21,000 across all categories, driven by rise in the input cost.

The increase will be effective from May 19, 2008 onwards, post which the consumers will have to shell out Rs 3,450 to Rs 21,000 more to buy the company's vehicles.

"M&M has announced an upward revision in prices of its vehicles in the range of 1.5% - 2.5% (Rs 3,450 - Rs 21,000). This has been necessitated by a significant increase in input costs. The increase in prices will be effective from May 19, 2008," the company said in a release.

The company, however, has not changed the price of 'Logan', produced by its joint venture with Renault.

M&M is present in passenger and commercial vehicle segment with brands like Scorpio, Bolero, Invader, Maxx, Marshal Ambulance and Commander 650.

The company also has presence in farm equipment sector with its tractor models.

Courtesy: PTI