The ministry has proposed a 4 per cent cess on all SUVs that cost over Rs 10 lakh
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The
Union Budget 2016 has been announced by the Finance Minister Arun Jaitley. Among the new amendments, the ministry has proposed a one per cent cess on all luxury vehicles that cost over Rs 10 lakh. This decision has been taken to curb rising vehicular pollution.
While sub-4m SUVs like the Mahindra TUV300 and the sub-Rs-10-lakh trims of the Ford EcoSport will mostly remain unaffected, the prices of other popular offerings like the Hyundai Creta, Renault Duster, Mahindra…
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