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India To Get Rid Of Petrol And Diesel Vehicles? What Nitin Gadkari Said
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles.
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Nitin Gadkari Says Hybrids Must Get Same Reduced GST Benefit As EVs
Prior to GST, hybrid vehicles were taxed 30.3 percent (12.5 percent excise duty, 12.5 percent value-added tax, 2 percent central sales tax and 1 percent national calamity contingent duty). Under GST, it attracts 28 percent tax and 15 percent cess like big petrol and diesel luxury cars.
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2019 Toyota Camry Hybrid: Key Features Explained In Detail
The 2019 Toyota Camry Hybrid has been launched in India and the Japanese carmaker has impressed with the pricing this time. While we were expecting the all-new Toyota Camry Hybrid to be a couple of lakhs more expensive than the outgoing model given that it has received a significant update, at Rs. 36. 95 lakh (ex-showroom, India) Toyota has managed...
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GST Council Meeting Highlights: Movie Tickets, Video Games To Be Cheaper, Says Arun Jaitley
The Goods and Services Tax (GST) Council on Saturday cut rates of 33 items from 18 per cent to 12 per cent and 5 per cent, Puducherry Chief Minister V Narayanasamy said, following a meeting chaired by Finance Minister Arun Jaitley. The meeting at Vigyan Bhawan was attended by finance ministers all the states.
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All-New Toyota Camry Hybrid Launch Date Revealed
The all-new Toyota Camry will be launched in India on January 18, 2019. The new Toyota Camry will be the eight generation of the car globally and the 4thgeneration for the entry level luxury sedan in the country. The all-new Toyota Camry will only be offered with a hybrid powertrain at the time of launch and will go up against the likes of the Skod...
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GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
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New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
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Approaching Government To Consider Hybrids In EV Drive: Toyota
TKM has sold over 700 Camry hybrids so far this year compared to around 1,200 sold last year. The decline is due to price increase after GST (Goods and Services Tax) implementation.
-
Toyota Camry Hybrid Production Stopped In India. Here's Why
Toyota said the sudden price rise of hybrid vehicles under the GST regime impacted the demand for the Camry Hybrid in India. However, the company also said that they will monitor the situation and ramp up the production accordingly.
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
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GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
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SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
-
GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
-
GST Rates: Cess On Larger Cars, SUVs Increases, Small Cars Unaffected
The GST council has increased the cess rate on larger and mid-sized cars in India. Smaller cars with petrol engines upto 1200 cc and diesel engines upto 1500 cc have not been changed as expected. The GST rates for small cars continues to stay at 43%(28% GST+15% Cess) while a new mid size segment for cars has been created with a new total GST rate o...
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Hyundai Drops Plans To Introduce Verna Mild Hybrid In India
Hyundai has dropped its plans to introduce the much anticipated Verna mild hybrid car in India due to unfavourable GST prices, which has gone up to have now gone up to 43 per cent from July 1, 2017.
-
India To Get Rid Of Petrol And Diesel Vehicles? What Nitin Gadkari Said
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles.
-
Nitin Gadkari Says Hybrids Must Get Same Reduced GST Benefit As EVs
Prior to GST, hybrid vehicles were taxed 30.3 percent (12.5 percent excise duty, 12.5 percent value-added tax, 2 percent central sales tax and 1 percent national calamity contingent duty). Under GST, it attracts 28 percent tax and 15 percent cess like big petrol and diesel luxury cars.
-
2019 Toyota Camry Hybrid: Key Features Explained In Detail
The 2019 Toyota Camry Hybrid has been launched in India and the Japanese carmaker has impressed with the pricing this time. While we were expecting the all-new Toyota Camry Hybrid to be a couple of lakhs more expensive than the outgoing model given that it has received a significant update, at Rs. 36. 95 lakh (ex-showroom, India) Toyota has managed...
-
GST Council Meeting Highlights: Movie Tickets, Video Games To Be Cheaper, Says Arun Jaitley
The Goods and Services Tax (GST) Council on Saturday cut rates of 33 items from 18 per cent to 12 per cent and 5 per cent, Puducherry Chief Minister V Narayanasamy said, following a meeting chaired by Finance Minister Arun Jaitley. The meeting at Vigyan Bhawan was attended by finance ministers all the states.
-
All-New Toyota Camry Hybrid Launch Date Revealed
The all-new Toyota Camry will be launched in India on January 18, 2019. The new Toyota Camry will be the eight generation of the car globally and the 4thgeneration for the entry level luxury sedan in the country. The all-new Toyota Camry will only be offered with a hybrid powertrain at the time of launch and will go up against the likes of the Skod...
-
GST On Batteries For Electric Cars Reduced From 28 To 18 Per Cent
The GST Council, set up by the Indian Government has reduced the GST rate on lithium-ion batteries for electric cars from 28 per cent to 18 per cent. Although this reduction is not as drastic as predicted earlier, the 10 per cent rate in reduction of GST on these batteries will help reduce the overall price of electric vehicles in India.
-
New Quadricycle Vehicle Category Approved By Indian Government
A new category of small vehicles - Quadricycles, has been approved by the Indian government and in particular the Ministry Of Road Transport and Highways. This new category, which will mainly be used to classify small four wheeled personal vehicles (or commercial vehicles) will have to pass a list of emissions, crash and other norms which will be l...
-
Approaching Government To Consider Hybrids In EV Drive: Toyota
TKM has sold over 700 Camry hybrids so far this year compared to around 1,200 sold last year. The decline is due to price increase after GST (Goods and Services Tax) implementation.
-
Toyota Camry Hybrid Production Stopped In India. Here's Why
Toyota said the sudden price rise of hybrid vehicles under the GST regime impacted the demand for the Camry Hybrid in India. However, the company also said that they will monitor the situation and ramp up the production accordingly.
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
-
GST Cess: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
The prices for the Maruti Suzuki Ciaz petrol and Maruti Suzuki S-Cross will be increased soon due to the GST council recently announcing that different segments of cars will be taxed differently under the new GST rates as per body style. After originally pegging the GST rate for cars above 4 meters to a standard 43 per cent which included a 28 per ...
-
SIAM Relieved At New Cess Rates, Welcomes Differential Taxes On Hybrids
The Society of Indian Automobile Manufacturers (SIAM) is relieved that a flat 25 per cent GST cess has not been imposed on all larger cars. SIAM however says that taxation on mid-sized passenger cars has almost been restored to pre-GST levels.
-
GST Cess Hike In Cars To Take Effect From Today
Notification regarding increase in the effective rates of the Compensation Cess on specified motor vehicles will be issued on September 11, 2017, effective from 00 hours the same day.
-
GST Rates: Cess On Larger Cars, SUVs Increases, Small Cars Unaffected
The GST council has increased the cess rate on larger and mid-sized cars in India. Smaller cars with petrol engines upto 1200 cc and diesel engines upto 1500 cc have not been changed as expected. The GST rates for small cars continues to stay at 43%(28% GST+15% Cess) while a new mid size segment for cars has been created with a new total GST rate o...
-
Hyundai Drops Plans To Introduce Verna Mild Hybrid In India
Hyundai has dropped its plans to introduce the much anticipated Verna mild hybrid car in India due to unfavourable GST prices, which has gone up to have now gone up to 43 per cent from July 1, 2017.
