Under the GST Rule
Due to low tax under GST on large cars, they are expected to become cheaper compared to current price.
Price Reduced by 10.9 Lakhs
Tata Motors subsidiary Jaguar Land Rover (JLR) has offered the bumper gift by reducing the price. Some of the models will be up to Rs 10.9 Lakhs from immediate effect. Because they want to pass on the benefits of new tax rates under GST.
JLR India said in statement
This is estimated the reduction in price after GST. In case it comes into effect from 1st July 2017 onward, will be up to 12 percent and this will vary from state to state, also based on a model.
Consequently, such price reduction linked benefits will be passed onto the customers with immediate effect on the select stock of vehicles.
The benefits will vary from state to states and model to model as shown –
Currently, the Ex – showroom price in Delhi for models are between Rs 37.25 lakh and Rs 1.02 crore.
JLR India President and Managing Director Rohit Suri said – “Implementation of GST is a historical moment for India which will not only benefit consumers but is also expected to make the whole tax regime simpler and more transparent.”
He further added, “The Company has proactively passed on benefits linked to the expected price reduction to customers with immediate effect but it will be valid only for June in case GST isn’t implemented by 1st July 2017”
Currently, JLR producing five models in India – three Jaguar models, XE, XF and XJ and two Land Rover models, Discovery Sport and Range Rover Evoque.