Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3148.10
18.95 (0.61%) M&M reduces prices across its passenger vehicle portfolio
Date: 19-02-2014Mahindra & Mahindra (M&M), country’s largest SUV manufacturer, has reduced prices of its passenger vehicle portfolio by Rs 13,000 to Rs 49,000. The company will also reduce the price of its premium SUV, the rexton by up to Rs 92,000. This reduction comes right after Finance Minister in the interim budget 2014-15 proposed to cut the excise duty for the beleaguered auto sector.
Mahindra & Mahindra 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.