GST brings down the prices of luxury cars


GST may have made some goods expensive for you but luxury cars are not one of them.

Prices of cars like Mercedes-Benz, BMW, Audi and JLR have gone down by 10%. Other fancy cars like Lamborghini and Bugatti Veyron, i.e., cars that cost over Rs. 5 crore have become cheaper by over a crore.

Octroi’s abolishment in Maharashtra has only made it better.

As the GST came into effect, the Maharashtra state government quashed its 52-year-old Octroi rule and local tax bringing down the prices.

However, the state government raised the one-time registration tax on private vehicles by 2-percent to make up for the loss.

But the Central government imposed an upper limit of Rs. 20 lakh on the tax amount making the raise practically ineffective.

Luxury-car market looks for expansion

After facing its first ever market fall in December 2016 due to the ban on diesel vehicles in the capital, luxury cars market is looking to make a double-digit growth with GST.

Currently, Indian share in the luxury car market stands at a mere 1.2%.

Looking for a market expansion, car makers slashed their prices by 2-9% to adjust to the GST rates.


  1. \ Yay google is my king assisted me to find this great site!. Don at rule out working with your hands. It does not preclude using your head. by Andy Rooney.

  2. It is appropriate time to make a few plans for the long run and it’s time to be happy. I have learn this post and if I may I wish to suggest you some attention-grabbing issues or tips. Maybe you can write next articles referring to this article. I desire to learn even more things approximately it!

  3. I’m still learning from you, as I’m trying to achieve my goals. I absolutely liked reading everything that is posted on your site.Keep the aarticles coming. I liked it!