Mahindra & Mahindra Ltd. decreases prices of vehicles in its line-up

Mahindra & Mahindra Ltd. has announced to decrease the prices of the cars in their portfolio. This reduction in rates will range from Rs 13,000 to Rs 49,000 and will come into effect immediately.

Due to the excise duty cut given to the automobile industry recently, Mahindra also has decided to relieve their customers of this burden. They will also be passing the benefits of the duty cut to the prospective buyers. The company will also reduce prices of its premium SUV, the Rexton by up to Rs 92,000. 

Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd., said, “We are delighted at the Interim Budget announcements which have been taken to boost the automotive industry. We are confident that the reduction in prices by Mahindra as well as other auto companies would provide the much needed fillip to the auto industry. The prices of our range of commercial vehicles are also being reduced.”