Maruti Suzuki shares surged 2.81% to ₹13,145.00 on the NSE at 10:33 AM following reports of the company’s plans to expand its dealership network to 6,800 outlets across India by fiscal 2030. This move reflects Maruti’s ambitious strategy to bolster its reach and enhance customer accessibility over the next several years.
Adding to the positive sentiment, Karnataka is reportedly planning tax waivers for hybrid cars and offering incentives for electric vehicles (EVs), as per a draft seen by Reuters. The state aims to eliminate road tax and registration charges for hybrid cars priced under $30,000, compared to the current tax rates of 13% to 18%.
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