Mahindra raises vehicle prices by 1.5-2%

NEW DELHI (Reuters): Mahindra & Mahindra , India’s largest utility vehicles maker, has raised prices on most of its models by 1.5 to two per cent with effect from last week, its Automotive President Pawan Goenka said on Friday.

The rising cost of steel, rubber and other inputs has forced Indian car makers, including Maruti Suzuki and Tata Motors , to raise prices in recent months.