GST cess on luxury cars increases to 25%, LS gives approval to the bill.

The bill to increase the GST cess on luxury car to 25% (from the original 15%) has been given approval by the Lok Sabha. This bill is expected to increase the funds to the center and the compensation to the states for the revenue loss due to the earlier rollout of the GST.

Looking into the steep decline in the prices of the premium cars due to earlier GST rollout in July 2017, which resulted in a revenue drop for the states, the government recommended to increase the cess on them. The revenue of the states dropped by around 9-11% due to GST rollout, hence this move is seen as to compensate for the revenue loss of the states, bringing it back to pre-GST era.

GST council looked into the revenue for each state and recommended the hike in cess to 25%. Now the Lok Sabha has also given an approval for the revision in tax structure. However, the final revised tax structure will only be applicable once the law is amended.

So if you are looking to buy a car, this is the best time to do.

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Petrol is the new Keyword – XUV 500 Petrol Launched @15.49L

A lot of BuZZ has been created for the smog in NCR , the NGT has also swung into action. Looking into the current trends, Mahindra has launched a Petrol version of XUV 500. This new XUV will is only available in automatic transmission and is termed as G AT.

The Petrol XUV is powered by 2.2 L, 4 –cylinder mhawk petrol engine that will deliver 138 BHP and 320 Nm of torque. The automatic transmission comes with a 6 speed gearbox with a creep manual and automatic mode option available. The gearbox is said to be sourced from ASIN (Japan).

Some of the features in the XUV includes rain sensing wipers, automatic headlamps, besides a 7-inch Infotainment system with Android connectivity and emergency calling feature. Other features include a cruise control, automatic climate control. It also get an ABS and EBD with dual airbags as a safety feature.  

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Wait Over!!! Much Awaited Ford Ecosport facelift Launched, Base variant @7.39 L INR

The wait is over for the much awaited Ford Ecosport Facelift, the SUV is launched with new features and  all new Dragon (1.5 L Petrol, naturally aspirated) engines developed in India. The TOP spec diesel variant goes up to 10.31 L INR. It is the first major facelift that the Ecosport has received. It has major changes both interior and exterior besides getting a new 1.5 L 3- cylinder petrol engine.

                The biggest change is the exterior with the all new and bigger grille along with a re-styled bumper. The new Ford Ecosport Facelift now gets sharper exterior with a new set of bumpers (both front and rear) and a new head lamp and grille. This SUV also gets a set of well-designed 17-inch wheels on the top of the line Titanium models while the other versions get 16-inch steel or alloy wheels. Some of the key features are LED daytime running lights and the signature spare wheel mounted on the tail gate unlike the international versions.

The interior too has revamped with the floating display screen that replaces the older ICE. The new ICE features include built in navigation, Apple Car Play and Android Auto in the top spec car too, which makes smartphone integration easy and keeps you connected. You also get features like a cooled glove box, start-stop button, keyless entry and rear parking sensors and camera.  For has also added features on the safety front, the Ecosport gets 6 airbags in the top spec car while the other models get two airbags as standard. The Ecosport also gets ABS as standard on all variants.

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