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Mahindra & Mahindra plans compact Verito to get excise benefits
Mahindra & Mahindra plans to roll out a sub-four metre compact model of Verito in an
attempt to get excise benefits. The compact Verito will attract only 10% excise duty as
against 22% currently. It will also be priced lower. The company expects to launch the
model in next 6-8 months. We expect that Verito sales will be benefitted by the launch of
the compact version and will help M&M continue its sales momentum in the passenger car
segment. We recommend Accumulate on the stock with a target price of `815.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Mahindra & Mahindra plans compact Verito to get excise benefits
Mahindra & Mahindra plans to roll out a sub-four metre compact model of Verito in an
attempt to get excise benefits. The compact Verito will attract only 10% excise duty as
against 22% currently. It will also be priced lower. The company expects to launch the
model in next 6-8 months. We expect that Verito sales will be benefitted by the launch of
the compact version and will help M&M continue its sales momentum in the passenger car
segment. We recommend Accumulate on the stock with a target price of `815.
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