Coletta Tolan

High taxes hitting demand, affordability, say auto cos, Auto News, ET Auto

High taxes hitting demand, affordability, say auto cosDid you know that the topend version of the Honda City (petrol) prices Rs 10 lakh devoid of any taxes? If you are in Delhi, what you ultimately fork out for the car just after coughing out GST of 28%, GST cess of 17%, and point out road and registration tax of 10% is Rs sixteen.four lakh (such as freight and dealer rates and insurance) — practically 65% far more than the pre-tax or ex-factory value. So, overall tax payout that a consumer demands to shell out is as significant as Rs 6 lakh.

And for the humble Alto, the so-named people’s car, a consumer has to fork out practically Rs 1.1 lakh in central and point out taxes earlier mentioned an on-road value of Rs four lakh.

The luxury buyers are battered even far more. A consumer of Mercedes-Benz E-Class sedan has to shell out as a lot as

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