The new prices will be effective tomorrow through the whole of June, but in case GST is deferred, the company said it would revert to the old prices till its rollout.
Several industry executives and experts expect vehicle prices to reflect the change in rates. Higher input costs will also likely influence price revisions in July
A premium car company and a bank recently jointly organised a drawing competition for children in a condominium in Gurgaon.
Tesla founder says 30% local sourcing norm hard to meet as India doesn't have the supply support. Surprised govt and industry body say the clause doesn't exist.
Commercial vehicle sales fell 23% in April to 41,490 units, the lowest since November 2009, when the volume was 40,855 units.
Hybrid vehicles to attract steep GST levies of 43%; to impact plans of Maruti Suzuki, Tata Motors, others
Hybrid vehicles will attract total levies of 43% under GST (28% tax, 15% cess), more than smaller petrol and even diesel vehicles which would attract levies in the range of 29-31%.
Unlike multiple taxes levied currently, the new tax structure will see a uniform rate of 28% on cars plus a cess of 1% for small petrol cars and 15% for luxury cars.
The decision is part of a series of actions taken by General Motors to address the performance of its operations worldwide.
The company claimed that the diesel DZire delivers fuel economy of 28.4 kmpl and is the most fuel efficient car in the domestic market. The petrol version delivers fuel economy of 22 kmpl.
Suzuki has lined up investments worth close to Rs 10,000 crore to set up manufacturing facilities in Gujarat to produce 750,000 vehicles a year.
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