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It is likely that the tax relief in the FY26 Union budget and the repository rate cut by the Bank of the India Reserve (RBI) increase the demand of the RS 10 LAKH to RS 25 LAKH of Automobiles, a senior official of The company in Mahindra and Mahindra told the persecutors.
The RBI on February 7 reduced the repository rate at 25 basic points at 6.25%. “The demand will be very robust for products from 10 to RS 25 Lakh in the country. And our strategy is to play in the 7-25 Lakh category, ”says Rajesh Jejurikar, Executive Director: Auto and Agricultural Division in Mahindra & Mahindra.
According to Dr. Anish, CEO of the Mahindra & Mahindra group, the fiscal relief will create demand stimulus for the middle class. “We believe that the foundations for the Indian economy are very strong, and we have seen some short -term blows, relief, in terms of taxes for the middle class, puts more money in their hands, and that will create a demand the stimulus, than It will help and, in turn, translates into a greater capex of a private sector, which has also been an area that has somehow lacked … and similarly, the cut of the speed will also help in terms of Create a little more demand stimulus.
Mahindra and Mahindra reported a 19% increase in year -on -year gain to 2,964 million rupees, while operations revenues increased 20% intent utilitarian vehicle) demand. The company continued to dominate the SUV market, with the 23%SUV market share.
The company, which launched its Born Electric Models, Be.6 and XEV.9E in December last year, will begin the reserves of the EVs from February 14 of this year. The company will initially implement 5,000 units of BE.6 and XEV.9E.
