Mahindra & Mahindra, one of India’s leading automakers, has announced a price hike for its popular Scorpio-N SUV, effective from January 2023. The Scorpio-N, which was launched in June 2022 with introductory prices starting at Rs 11.99 lakh (ex-showroom), will now see prices increase by up to Rs 1 lakh across all its models.
The base petrol variant is now priced at Rs 12.74 lakh, while the prices for the diesel variants start from Rs 13.24 lakh (all prices, ex-showroom). Compared to the launch prices, the prices of the Z2 and Z4 variants have gone up by Rs 75,000, and Mahindra has also increased the prices of the five additional variants it introduced very recently by the same amount. Prices of the Z6 diesel variants have gone up by up to Rs 65,000. Z8 and Z8L petrol variants also see a price jump of up to Rs 65,000.
The Z8L manual with 4WD, available only as a diesel, sees the highest price hike of Rs 1.01 lakh. The Z8L automatic variants, on the other hand, see the lowest price increase of Rs 15,000.
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- Mahindra has announced a price hike for its Scorpio-N SUV, effective from January 2023.
- Prices of all the variants have seen an increase, with the Scorpio-N now starting at Rs 12.74 lakh for the base petrol and going up to Rs 24.05 lakh for the top-end diesel automatic with 4WD.
- Prices of the Z2 and Z4 variants have gone up by Rs 75,000, while prices of the Z6 diesel variants have gone up by up to Rs 65,000.
- The Z8L manual with 4WD sees the highest price hike of Rs 1.01 lakh, while the Z8L automatic variants see the lowest price increase of Rs 15,000.
- This price hike is likely a response to increasing competition in the Indian automotive market and rising costs, as Mahindra looks to boost its bottom line.
The Scorpio-N is offered in two powertrains that include a 2.0-litre turbo-petrol engine that churns out 198bhp and 380Nm of torque and a 2.2-litre oil burner belting 173bhp and 400Nm of torque. Both engines come mated with a six-speed manual or a six-speed automatic transmission. Also on offer is a 4WD known as Mahindra’s 4Xplor system.
Since its launch, Mahindra has prioritized delivering higher-end variants of the Scorpio-N and only recently began delivering the mid-level variants. Except for the top-spec Z8L variant, which has a waiting period of around four months, all other variants currently command a waiting period of up to 25 months, depending on the location.
This price hike comes as Mahindra looks to increase its revenue and maintain profitability. The company is facing increasing competition in the Indian automotive market, and this move is likely a response to that competition and rising costs. Mahindra’s stock has been under pressure in recent months, and the company is looking for ways to boost its bottom line.
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