Mahindra enters small car market with Verito Vibe
Mahindra and Mahindra, India's largest sports utility vehicle maker, has made its first push into the country's small car market with the launch of the Verito Vibe.
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The excise duty benefit for cars less than four metres in length applies for a diesel engine capacity of 1.5 litres or below, and a petrol engine capacity of 1.2 litres or below. Since the only petrol engine that Mahindra has is the 1.4-litre Renault engine, the company has not launched a petrol variant.
