22
Sep
Mahindra, Tata Motors, Maruti Suzuki, and Renault all announced price cuts, making entry-level automobiles more affordable. The Next Gen GST amendments announced by Finance Minister Nirmala Sitharaman earlier this month went into effect on September 22. Vehicles and motorbikes with engines up to 350 CC will enjoy a tax decrease. These vehicles were previously taxed at 28%, but have now been reduced to 18%. This entry-level automobile will be more inexpensive.According to the new laws, two-wheelers with more than 350 cc and larger cars are now subject to the 40% luxury goods tax. Meanwhile, electric vehicles will continue to be…
