Prices of recently launched KUV100, however, have been hiked with immediate effect
The stock dipped 6% to Rs 1,190 after the company said Q4FY16 margins could be impacted by around 100 bps, due to expiry of excise duty exemption at its Haridwar plant.
Passenger vehicle sales was up 26% at 22,612 units
Domestic tractor sales rose 24% to 12,702 units in February