The CNB Daily - December 28, 2017
The top automotive news of the day - The central government has decided to increase the GIST cess on SUVs from 15 per cent to 25 per cent. This is over and above the 28 per cent GST rate which is already applicable on cars which are more than 4 metres in length. Porsche India has started taking bookings for the Panamera Sport Turismo for Rs. 10 lakh. The Panamera Sport Turismo is the estate of the 'Shooting Brake' variant of the Panamera. The Central Government is committed to electrifying public transport in India with the phase II of the FAME scheme for electric and hybrid vehicles.
