Mahindra has confirmed a price hike for the Bolero Neo, effective from January 2026. The increase, which applies to the N4 and N8 variants, will see a jump of up to ₹20,000, making the ex-showroom prices for the Bolero Neo range from ₹8.69 lakh to ₹10.49 lakh.
The hike impacts the lower-end N4 and N8 trims, with the N4 variant experiencing the largest increase of ₹20,000, reflecting a 2.36% rise in its price. Meanwhile, the N8 variant sees a more modest increase. Interestingly, the higher-end variants like the N10, N11, and N10 (O) remain unaffected by the price change. This move is in response to increasing input costs and challenges faced by the automotive sector globally.
The Mahindra Bolero Neo continues to be a popular choice for customers seeking a budget-friendly SUV with a traditional and rugged design. Positioned as a compact and affordable alternative to larger SUVs, the Bolero Neo appeals to both urban and rural buyers due to its SUV-inspired design, spacious interior, and strong road presence—offering a practical solution without compromising on performance.
Under the bonnet, the Bolero Neo is powered by a 1.5-litre 3-cylinder diesel engine, providing a balanced mix of performance and fuel efficiency. Buyers can opt for either manual or automatic transmission, offering a range of options to suit various driving preferences. The N4 and N8 variants come with a reasonable list of features for their price points, while the higher trims such as the N10 and N11 are loaded with premium features, including touchscreen infotainment, LED DRLs, and alloy wheels, making them more attractive for those looking for additional tech and luxury.
While the price increase may affect budget-conscious buyers, Mahindra’s decision to raise prices on only the lower-end variants while keeping the higher trims the same ensures that the Bolero Neo will continue to attract customers looking for affordable, reliable SUVs in the sub-₹10 lakh segment. Even with the price adjustment, the Bolero Neo remains a strong contender, offering a combination of performance, practicality, and value that stands out in an increasingly competitive market.