2026-01-01 10:47:28 am | Source: Reuterss
India's Mahindra & Mahindra posts 23% rise in December SUV sales
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.
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