Quanto only Mahindra SUV exempt from higher tax.
MUMBAI – Under fire from both the Indian government and rival auto makers, Mahindra & Mahindra is scrambling to re-engineer its SUVs to dimensions that will protect them against a potentially damaging tax increase. The government in February increased from 27% to 30% the excise duty on SUVs that have a ground clearance of 6.7 ins. (17.0 cm) or more, measure more than 158 ins. (400 cm) in length and an engine of more than 1.5L. Mahindra’s eight SUVs have ground ...
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