business

Excise duty hike on SUVs to stay, M&M to overhaul portfolio

The government has decided to stick to the excise duty hike imposed on sports utility vehicles (SUVs). With its last and final hope getting dashed on Tuesday, the country‘s largest utility vehicle player M&M is set to overhaul its existing portfolio to meet the parameters outlined in the budget.

first published: Apr 30, 2013 09:58 pm