India's Mahindra & Mahindra posts 23% rise in December SUV sales
Mahindra & Mahindra saw a significant 23% jump in December SUV sales to dealers. This surge is attributed to recent tax cuts on larger engine SUVs. The Indian government reduced taxes in September to stimulate demand. Other major automakers like M...
By Reuters |
Indian automaker Mahindra & Mahindra reported a 23% rise in the December sales of its sports utility vehicles (SUV) to dealers on Thursday, fuelled by a sustained rise in demand following tax reductions.
In September, India cut the tax on SUVs with engines above 1500 cc to 40% from about 50% to boost demand, a change that applies to most of Mahindra's SUV range.
Market leader Maruti Suzuki, along with Hyundai India and Tata Motors, are yet to report their sales figures.
In September, India cut the tax on SUVs with engines above 1500 cc to 40% from about 50% to boost demand, a change that applies to most of Mahindra's SUV range.
Market leader Maruti Suzuki, along with Hyundai India and Tata Motors, are yet to report their sales figures.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
