New Delhi : Automakers such as Mahindra and Mahindra, Toyota Kirloskar Motor, Audi, Mercedes-Benz and JLR India are planning to pass on the increased cess on mid-sized and large cars along with SUVs, after the GST Council’s decision to raise it by up to 7 per cent. The companies said the constant changes in rates could lead to market instability and affect demand growth trends, expressing disappointment that the Council’s decision “totally overlooked” their contribution to the industry and the economy. “
Following the ordinance on the GST amendment, we note the increase in the cess from 2-7 per cent on mid-, large- sized cars and SUVs. We see the prices of our products going up proportionately. However, we are ascertaining the real price impact,” an official of a leading automaker said.
