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Wednesday, 5 July 2017

Mahindra & Mahindra (M&M), India’s leading SUV and tractor manufacturer, announced revised prices of its vehicles pursuant to the implementation of GST, with effect from July 4.

The prices of vehicles for end-customers on large UVs and SUVs have been reduced by an average of 6.9%, while those that come under small car segment have been reduced by an average of 1.4%. Similarly, end-customer prices have been reduced by an average of 1.1% for small commercial vehicles and 0.5% for LCVs and HCVs.

Since the GST rates on hybrid vehicles are significantly higher than that in the pre-GST regime, the prices for the end-customers of hybrid vehicles have been increased marginally.

These price changes to end-customers will vary across states or even cities within a state, due to the differing levels of pre-GST local taxes.

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