-9.35 (-0.30%) Mahindra & Mahindra (M&M) has reduced prices of e-Verito by up to Rs 80,000 in order to pass the benefit of reduced GST on electric vehicles to customers. Post the GST rate cut announcement, Mahindra e-Verito will cost Rs 10.71 lakh (including FAME benefits, on-road price, Delhi).
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.