The hottest news from the auto world was not a launch but the passage of the Finance Bill. There was frantic lobbying against the controversial excise duty imposition on SUVs commonly called the SUV tax.
However, the finance minister has not been persuaded by the auto industry and the SUV tax stays. Companies like Mahindra and Mahindra, the iconic SUV maker, is now going to redefine its product portfolio to beat the SUV classification. CNBC-TV18’s show for auto enthusiasts, Overdrive, gets more details about Mahindra’s strategy on its SUV portfolio. Meanwhile, Jaguar-Land Rover (JLR) has had a very busy year setting up local dealerships, starting local assembly on select models and bringing in its entire product portfolio to India. Overdrive’s editor Bertrand D’Souza tested the latest Range Rover from the JLR stable to find out if Rs 2 crore can really buy you that much more luxury and performance. For all the updates and exclusives, watch accompanying videosDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
