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Mahindra & Mahindra cuts SUV prices up to Rs 1.56 lakh ahead of GST rate reduction.
Mahindra & Mahindra announced price reductions of up to Rs 1.56 lakh on its SUVs starting September 6, ahead of the official Goods and Services Tax (GST) rate cut on September 22.
The company is passing on benefits from the new GST framework, which taxes smaller ICE cars at 18% and larger models at 40%, while maintaining a 5% rate for electric vehicles.
Toyota Kirloskar Motor also cut prices by up to Rs 3.49 lakh.
These moves aim to boost demand ahead of the festive season.
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Mahindra & Mahindra reduce los precios de los SUV hasta 1.56 millones de rupias antes de la reducción de la tasa de GST.