Tuesday, March 1, 2016

Tata Motors @TataMotors hikes passenger vehicles prices to offset cess increase

Tata Motors has increased prices of its passenger vehicles by up to Rs 35,000 with immediate effect to offset the impact of infrastructure cess proposed in the Budget 2016-17 today.The price increase in the passenger vehicles will be in a range of about Rs 2,000 to Rs 35,000, based on the exact cess amount for the specific category.

There was addtional 2.5 percent cess on diesel vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,500cc, while higher engine capacity and SUVs and bigger sedans were slapped with a cess of 4 percent on the value of the car in the union budget.