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Economy / The Economic Times

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Record year-end EV discounts: Automakers slash prices to boost sluggish demand

Automakers like Mahindra, Tata Motors, Hyundai, and Kia are offering substantial year-end discounts on electric vehicles to counter declining demand. This follows a GST cut on petrol and diesel cars, which widened the price gap and reduced EV affordability. Manufacturers are using these incentives as a de-stocking strategy for unsold inventory.

9 Dec 2025 5:30 am