GST Price Impact: Hyundai Reduces Car Prices By 5.9 per cent
08 July, 2017, 00:43
The rollout of the new pan-India tax regime, Goods and Services Tax (GST), has in the recent past driven automakers in the country to cut back on the prices of their entire range of models barring hybrid cars.
"We are offering a price reduction in commercial vehicles (cargo) in the range of 0.3 % to 4.21 % and in commercial vehicles (passenger transportation) in the range of 0.6 % to 8.2 %", Tata Motors Head of Commercial Vehicle Business unit Girish Wagh said.
Automakers Nissan, Skoda and Isuzu Motors on Thursday announced a reduction in the prices of passenger vehicles in India by up to Rs 2.4 lakh to pass on the GST benefit to customers.
"Reflecting our customer-first approach, we have chose to pass on GST benefits to our customers, further enhancing the value proposition of our products", Renault India Operations Country CEO and Managing Director Sumit Sawhney said.
Skoda, Nissa, Tata Motors, Maruti Suzuki and a host of luxury auto makers have already passed on the benefits of reduction of vehicle prices to its customers and Hyundai now joins that bandwagon.
On its part, Hyundai Motor India announced that it has passed on the GST benefit on vehicles to its customers.
On Wednesday, Mahindra & Mahindra (M&M) and Renault India said that they have reduced prices due to GST roll-out.
John Podesta op-ed: Why is Donald Trump tweeting about me?
Podesta, who apparently realized he was being tweeted about by the president while on a road trip, called Trump a "whack job ". Podesta later responded to Trump on Twitter, explaining why his claim was false and telling him to "get a grip , man".
Australia to get world's biggest battery to power 30000 homes
Musk also said that if the project is not completed in 100 days , it will be free, honoring a pledge he made a few months ago . Through a bidding process, Tesla secured the contract to provide the entire energy storage system component of the project.
South Korean carmaker Hyundai has chose to reduce the prices of its models in the country by up to 5.9 percent.
The recently launched MU-X SUV, now starts at Rs. 22.47 lakh (ex-showroom Delhi), as opposed to previous 23.99 lakh launch price - for the 4×2 variant.
The price of the ISUZU DMAX V-Cross, an adventure utility vehicle has been revised to Rs.12,67,111, a reduction of 6% over the pre-GST Ex-showroom price in Chennai.
Bajaj Auto's Austrian arm KTM has reduced the prices of bikes by up to Rs 8,600.
The company said the rate of reduction varies across locations depending on the Value-Added Tax rates applicable prior to GST. This price decrease is applicable to both passenger and commercial vehicles.
"We are confident that the post-GST price reduction will enable the customers to bring down their cost of operations and in turn, boost demand".
Even two-wheeler makers like TVS Motor Company, Honda Motorcycle & Scooter India, Hero MotoCorp, Bajaj Auto, Royal Enfield, Yamaha and Suzuki Motorcycle have cut prices.
Hulu's subscription plans start at $8/month (limited commercials), with a $12/month no-commercials option option also available. HBO costs $14.99 per month and Cinemax costs $9.99 per month in addition to a Hulu subscription.
Mr Trump has a history of awkward handshakes ever since he refused German Chancellor Angela Merkel's Oval Office offer in March. However, judging from social media they may be the only ones not talking about it.
Bruce Rauner's veto of legislation that would give Illinois a budget for the first time in more than two years. Reporter Greg Bishop is hearing unconfirmed reports there was an arrest and the building is on lockdown.
Salenger is known for roles in Disney's 1985 film " The Journey of Natty Gann " and the 1995 remake of "Village of the Damned". Our congrats to Oswalt and Salenger - you both deserve all the happiness in the world. "Hahahah", she wrote in the caption.
The series is 2-1 in India's favour as of now and the hosts need to win this last ODI to level series . Virat Kohli's team can not afford to be complacent in the 5 ODI, if they are to clinch the series .
The London and San Francisco offices - home to around 20-25 people each - are shutting down as part of the restructure. Some of those affected took to Twitter to react - and to advertise their services.
The striker was sold to Everton for £28m by Mourinho during the Portuguese manager's second spell in charge of Chelsea in 2014. Although he played 7 games less than Ibrahimovic . " Romelu Lukaku is a different player now, he is a better player".
Luke has since sued Kesha for defamation as his contract with Sony Music expired, ending his run as the CEO of Kemosabe Records. The legendary country star will join Kesha on a cover of her hit "Old Flames (Can't Hold a Candle to You)".
Listening to Peter's classmates discussing FMK about the Avengers is just one of many laugh out loud moments. Feige mentions that the events of Civil War set up the opening of Homecoming and Peter Parker's character.
The.38 caliber silver handgun he used was stolen from Charleston, West Virginia, in 2012, but it's unclear how long Bonds had it. Police said he was getting out of his vehicle when he was shot by someone in a white sports utility vehicle that fled the scene.
Arrest at Liverpool Airport over Manchester bombing
On Thursday, GMP's head of counter terrorism Ch Supt Russ Jackson said Abedi was not part of a larger network. This is a live criminal investigation where central to it are 22 murdered people with grieving families".
Here's what is and what isn't in the Destiny 2 beta
In The Farm most of the vendors will be offline, the idea for the short opening hour is to test how many players can join at once. As a note, your character progression from Destiny and this beta will not carry over into Destiny 2 when it releases September 6.
Chance of showers and storms on Saturday
The humidity will last for one more day Saturday with partly cloudy skies and warm temperatures in the mid-upper 80s. Although water levels for Lake Ontario have been going down, the wind will cause shoreline issues once again.
Hydrogen One Is Camera Maker Red's First Smartphone
We aren't yet sure about what types of modules will be available, but I can tell you one thing, they probably won't be cheap. Other more important specs like screen resolution, RAM, internal storage and processor specs have been left out... for now.
Lauren Conrad & William Tell Welcome Baby Boy
Her story is no longer unwritten! Conrad joked that their dogs "aren't so sure" about their bundle of joy , who weighed 6 lbs. Conrad wrote a caption, "He's here". "He's here! We're so excited to welcome Liam James Tell into the world!", she added.
Wimbledon defends Mattek-Sands attention
Mattek-Sands, who's ranked 103rd in singles, scored a three-set victory over Magda Linette in the opening round. Safarova was pictured in tears at courtside while her stricken friend was wheeled away to a waiting ambulance.