Mahindra has hiked the prices of its Thar and XUV700 SUVs by up to Rs 28,000 and Rs 37,000, respectively. This is the third price hike for both SUVs this year, with the first two introduced in January and April. A surge in demand for Mahindra SUVs and rising input costs can be attributed as reasons for the hike.

Mahindra XUV700 variant-wise price hike

The XUV700's prices have been increased between Rs 22,000 to Rs 35,000 for the petrol variants, while the hike for the diesel variants ranges between Rs 20,000 to Rs 37,000.

Here is a breakdown of the old and new prices of the XUV700:

The variants with the highest and lowest price hike were both diesels – the top-spec AX7 AT AWD Luxury 7-seater (at Rs 37,000) and the AX3 MT 5-seat (at Rs 20,000).

Mahindra Thar variant-wise price hike

The Thar, which recently got a mild update, is offered with petrol and diesel engine options in two trims – AX (O) and LX. The top-spec LX AT Hard Top petrol variant sees the highest price jump of Rs 7,000, while all other petrol variants are now costlier by Rs 6,000 each. 

On the other hand, prices for the AX(O) and LX MT diesel variants with Hard Top and Soft Top have been hiked by Rs 28,000. The LX AT diesel Soft Top and Hard Top variants prices have been increased by Rs 26,000. 

Upcoming Mahindra SUV launches in India

Mahindra will announce the price of the recently unveiled XUV400 EV in January 2023. Additionally, the updated XUV300 with a more powerful 1.2-litre turbo-petrol engine is expected to debut before the upcoming festive season.