Recent Posts
Семь (1995)
ZIGWheels: Latest News – Movies, Photos about ZIGWheels, The Economic Times
Wikileaks Unveils – Vault 7: The Largest Ever Publication Of Confidential CIA Documents; Another Snowden Emerges, Zero Hedge
What You Learn Driving the two thousand seventeen Mazda CX-5
What Does That Light on My Dash Mean? » News
VW recovers from emissions scandal as European car sales hop 9% in April, The Independent
Movie: Albuquerque teenage leads police on wild car pursue across town, KRQE News 13
UK Car Emissions Testing
Transportation Sector, Center for Climate and Energy Solutions
Title VII of the Civil Rights Act of 1964
Thieves arrive in stolen vehicle, steal SUV from Greenfield dealership, almost hit police squad on way out
There Is Now A Vending Machine For Luxury Cars, Zero Hedge
The Getaway Car
The CAR T-Cell Race, The Scientist Magazine
The car models affected by Takata airbag recall Yahoo7 News
motoring news
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting big discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other arm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a hefty influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in come back. Post GST, the 2nd palm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting phat discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other forearm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a fat influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in come back. Post GST, the 2nd arm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting big discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other forearm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on petite car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a fat influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in comeback. Post GST, the 2nd mitt market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While petite petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting enormous discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other arm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on petite car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a giant influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in comeback. Post GST, the 2nd arm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting hefty discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other palm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a large influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in comeback. Post GST, the 2nd forearm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting gigantic discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other forearm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a massive influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in come back. Post GST, the 2nd forearm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting thick discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other mitt, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a phat influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in comeback. Post GST, the 2nd palm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While petite petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting ample discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other forearm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a gigantic influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in comeback. Post GST, the 2nd mitt market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting fat discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other arm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a yam-sized influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in comeback. Post GST, the 2nd arm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While petite petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting big discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other palm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on puny car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a ample influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in come back. Post GST, the 2nd palm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting meaty discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other forearm, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on petite car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a meaty influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in come back. Post GST, the 2nd forearm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.
GST: Should you buy a fresh vehicle before or after July 1: Latest Auto News, News – India Today
GST: Should you buy a fresh vehicle before or after July 1?
The much debated Goods and Service Tax or simply GST, will come in to effect from July 1, 2017, so expect the prices of your favourite commodities to switch. However, it also means that the government will do away with all unnecessary tax schemes and place the commodities under one tax regime.
While the GST will surely affect us in some way or the other, it will also affect your car/bike purchasing power as under the fresh tax scheme, the prices are expected to increase. However, it does not mean that the prices of all the cars and bikes will increase, as Finance Minister Arun Jaitley has promised that the fresh GST bill will be for the betterment of the consumers. So, should you buy a fresh vehicle before or after the GST bill comes in to effect? We list out all the factors to help you make a decision.
What is the proposed GST rates?
Under the GST rates, cars will attract the top rate of twenty eight per cent with a cess in the range of 1-15 per cent on top of it. While puny petrol cars with engine less than 1,200 cc will attract one per cent cess, that with a diesel engine of less than 1,500 cc will attract three per cent cess.
2017 Maruti Suzuki Dzire
Large cars with engine greater than 1,500 cc and SUVs with length more than four metres and engine greater than 1,500 cc will attract a cess of fifteen per cent.
Taxes on motorcycles are expected to reduce in most states with the implementation of the Goods and Services Tax (GST) from July one 2017, albeit benefits vary from state to state.
Ford Aspire
Under GST, most of the two-wheelers will attract a tax rate of twenty eight per cent, lower than total tax incidence of around thirty per cent at present. Motorcycles with engine capacity of over three hundred fifty cc, however, will attract an extra cess of three per cent.
Discounts on four-wheelers
While GST will be implemented from July 1, 2017, automobile manufacturers are suggesting large discounts on various products so as to reduce the influence of fresh tax regime in the following months. Numerous car and bike makers are suggesting jaw-dropping discounts not only their lower segment models, but also on their premium models.
2017 Audi A4
Maruti Suzuki, Hyundai, Honda, Nissan, Mahindra and Mahindra and Ford India have all come out with different schemes that are valid for June only.
Maruti Suzuki are suggesting discounts inbetween Rs 25,000 and Rs 35,000. Similarly, Mahindra is suggesting benefits ranging inbetween Rs 27,000 on Scorpio to Rs 90,000 on XUV500 till June 30.
Hyundai Motor India dealers are suggesting discounts ranging inbetween Rs 25,000 on Elite i20 and all-new Xcent to Rs Two.Five lakh on premium SUV SantaFe.
2017 Hyundai Xcent
Honda Cars India, on the other mitt, is suggesting up to Rs 14,500 discount on its hatchback Brio, Rs 50,000 on compact sedan Amaze, Rs 17,000 on premium hatchback Jazz and Rs 60,000 on B-RV under a special scheme valid during June.
Nissan’s dealers are also suggesting benefits of up to Rs 80,000 on sports utility vehicle Terrano and around Rs 25,000 on petite car Micra.
Ford India has announced discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.
TVS Apache RTR 160
German luxury car maker Audi has slashed prices of its models in India by up to Rs ten lakh till June 30. Rival BMW also said it is suggesting “benefits up to twelve per cent” on ex- showroom prices that include GST benefits.
Besides, Mercedes Benz has announced reduction of prices of its vehicles produced in India by up to Rs seven lakh. Tata- Motors-owned Jaguar Land Rover (JLR) has cut prices of select models by up to Rs Ten.9 lakh.
Suzuki Gixxer
Discounts on two-wheelers
Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of GST to customers by lowering prices of their vehicles.
Niche bike maker Royal Enfield has diminished prices of its models by up to Rs Two,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers.
Honda CB Hornet 160R
Bajaj has diminished prices of its motorcycles from CT one hundred to Dominar four hundred by up to Rs Four,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs Five,700.
Good time to exchange your used car?
The GST will also have a ample influence on the used car market, as the sale of a used car will attract a higher percentage. What this mean is that you should opt to sell off your used car at the earliest or before June 30, so as to build up a nice amount in comeback. Post GST, the 2nd arm market is expected to be a bit on the downfall and will take some time to regain its lost ground.
What we recommend
According to our analysts, it is advisable to purchase a fresh car or bike before the GST hits the stand as the prices will fluctuate in the initial days. Albeit the prices are predicted to reduce, we would still recommend you buy a fresh vehicle with the different discounts on suggest and make the most of this period. Hurry! Grab your fresh vehicle at the earliest.