August 7, 2021 1:44:32 am
Mahindra & Mahindra Managing Director and CEO Anish Shah said on Friday any cut in duties will help the electric vehicle (EV) market.
On being asked if the cut in duties on electric cars would help the segment as has been demanded by Tesla, Shah was quoted by PTI as saying: “Any cut in duties will help markets, there is a lot which can done on the GST side as well and our sense is that government is moving prudently and we will see a set of policies which will make sense for the EV segment.”
Mahindra & Mahindra on Friday reported a consolidated profit after tax from continuing operations at Rs 424 crore for the first quarter ended June 2021.
On a query regarding taking a price hike, he added the company has increased prices with effect from July in order to offset the impact of rising commodity prices.
📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.