Mahindra slashes its prices from Rs. 13,000 to Rs 49,000

Mahindra Mahindra Ltd. drastically reduces the prices across its model range, and particularly for the passenger vehicle segment it has been from Rs 13,000 to Rs 49,000. As per the company's announcement, the reduction in price will show immediate effect, in order to stay competitive in the market. The company will also reduce prices of its premium SUV, the Rexton by up to Rs 92,000. The reduction is due to the lower excise duties announced in the Interim Budget and would be effective immediately. This has all happened with the declaration of interim budget.

Commenting on the price reduction, 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.”