India's Mahindra posts 22% rise in November SUV sales

Hyundai Motor India

01/12/2025 05:15

Dec 1 (Reuters) - Indian automaker Mahindra & Mahindra MAHM.NS said on Monday sales of its sports utility vehicles (SUV) to dealers rose 22% in November from a year earlier, driven by continued demand boost from tax cuts.

In September, India cut the goods and services tax on SUVs with engines over 1500 cc capacity to 40% from about 50%, aiming to spur consumer spending and bolster growth amid challenges from steep U.S. tariffs.

Around 80% of Mahindra's SUVs have engines over 1500 cc.

Market leader Maruti Suzuki MRTI.NS, along with Hyundai India HYUN.NS and Tata Motors TAMO.NS, are yet to report their sales figures.

Mahindra, which launched a seven-seater electric SUV last week, sold 56,336 SUVs in November.

 (Reporting by Meenakshi Maidas in Bengaluru; Editing by Janane Venkatraman)

 ((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))