Mahindra & Mahindra (M&M) shares jumped 2% to hit a new 52-week high of ₹3,640 on Monday, driven by strategic price cuts aimed at passing on the benefits of the recent GST rate revision to customers. As of 9:53 AM, the shares were trading 2.02% higher at Rs 3,633.10,
The automaker has reduced prices across its passenger vehicle range by up to ₹1.56 lakh, effective from September 6, 2025. According to M&M, the revised prices for all applicable internal combustion engine (ICE) models will be updated transparently across dealerships and digital platforms.
The price revision comes after the 56th GST Council meeting on September 3, 2025, where the council approved a streamlined GST structure, reducing slabs to 5% and 18%, effective September 22.
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