 "Mahindra, M&M")
Shares of Mahindra & Mahindra (M&M) rose 4 per cent to Rs 744 on the BSE in early morning trade on Wednesday after the company announced that it will increase the price of its passenger vehicles (PVs) and commercial vehicles (CVs) from January 1, 2021, in order to partially offset the impact of rise in input costs.
M&M said the price hike has been necessitated due to the increase in commodity prices and various other input costs. "Details of the price increase across different models will be communicated in due course," it said.
The stock had hit a 52-week high
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