Mahindra & Mahindra To Lift Prices Of XUV500

India's Mahindra & Mahindra Ltd

announced its plans to lift prices of its XUV500 sport-utility vehicle by 3% to 4%. Mahindra & Mahindra will raise prices by INR30,000 to INR55,000 at showrooms in New Delhi from January 1. MAHMF shares closed at $12.81 yesterday.