Any obligation minimize to assist EV market: M&M MD-CEO

Mahindra & Mahindra Managing Director and CEO Anish Shah stated on Friday any minimize in duties will assist the electrical automobile (EV) market.
On being requested if the minimize in duties on electrical vehicles would assist the phase 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 revenue after tax from persevering with operations at Rs 424 crore for the primary quarter ended June 2021.

On a question relating to taking a worth hike, he added the corporate has elevated costs with impact from July as a way to offset the influence of rising commodity costs.