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M&M to hike product prices from January 2011
Mahindra & Mahindra (M&M) is set to raise the prices of its products across all categories
from January 2011 due to higher commodity prices. The price increase had become
imminent and is on the expected lines, considering the increase in the prices of its key raw
materials–natural rubber, steel and aluminium. With this price increase, M&M intends to
offset the impact of rising input costs on the operating margins to a certain extent. The
company, however, has not yet announced the quantum of the price hike. We maintain
Accumulate on the stock with an SOTP Target Price of `827.
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