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cess on luxury cars

30 Aug 2017

Hike in cess on luxury cars to impact growth, say auto companies

The Cabinet on Wednesday approved promulgation of an ordinance to amend the GST compensation law to pave the way for increasing cess on mid and large cars to 25 per cent, from 15 per cent.

Passenger vehicle sales

04 Dec 2016

Passenger vehicle sales to grow 7-9% in 2017: Fitch

Passenger vehicle (PV) sales in India is likely to grow in the range of 7-9 per cent next year on the back of low fuel prices and an accommodative monetary policy stance by the Reserve Bank of India, according to global rating firm Fitch.

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