Mahindra & Mahindra has announced a reduction in prices for its sport utility vehicles (SUVs) in response to recent Goods and Services Tax (GST) reforms. The price cuts, which impact models like the Bolero/Neo, XUV 3XO, Thar, Scorpio Classic, Scorpio-N, Thar Roxx, and XUV700, amount to as much as Rs 2.56 lakh. This marks the second instance of price reductions by Mahindra in the past month, with the latest cuts offering additional savings of up to Rs 1.29 lakh. These price adjustments apply exclusively to the company’s internal combustion engine (ICE) vehicles and do not include its electric vehicle offerings. The GST changes impact various segments, including a reduction for small cars and adjustments for larger vehicles, two-wheelers above 350cc, and agricultural machinery. A unified 18% GST rate has been implemented for all auto parts.
