The ex-showroom prices of Maruti Suzuki models have come down by upto 3%, post the levy of new tax rates and cess under GST.
The country's largest car maker Maruti Suzuki on Saturday reported 1% increase in domestic passenger vehicles sales at 93057 units for the month of June.
With the change in prices post GST, TKM hopes to see positive sentiments amongst the consumers in the month of July and the industry to break into double digit territory this year.
Cumulatively, Honda City achieved sales of more than 680,000 units in the Indian market since its launch in January 1998.
The investment, a SAIC spokesperson said, will depend on whether SAIC sets up a greenfield facility or starts operations from General Motor India's Halol facility.
The TVS King will be priced at 6,91,850 Lankan Rupee and will be retailed across Abans Auto's over 200 showrooms and appointed dealers in locations in Sri Lanka.
India is already the exclusive manufacturing hub for the 5-8 litre, medium-duty Euro VI engines for automotive applications for Volvo's home base in Europe.
Under GST, a government-appointed panel has made provisions for dealers to only claim 60% input tax credit on spares which have been in stock for less than a year.
The statement added, "Ford remains committed to delivering world-class quality vehicles to its customers and this voluntary safety recall is part of that commitment."
June, however, could see a fall of up to 8 per cent, with dealers refusing to stock up until July 1, when GST will be rolled out.
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