Friday, March 1, 2013

SUV and surging prices

Finance minister's logic of big taxes for big cars might well be right but in reality it will pinch both the struggling auto industry and buyers equally. The proposed hike in the duty paid by the SUV manufacturers of the vehicles is from 27 per cent to 30 per cent. The approximate figures for the SUVs post this change somewhat looks like this, of the entire burden is passed on to its customers.
Toyota Innova -dearer by Rs 30,000-50,000
Toyota Fortuner - dearer by Rs 60,000-70,000
Toyota Prado - dearer by Rs 10-12 lakh
Land Cruiser - dearer by around Rs 15 lakh
Renault Duster - dearer by around Rs 24,000
Mahindra XUV 500 - dearer by around Rs 1 lakh
Mahindra Scorpio - dearer by around Rs 22,000
Tata Safari Storme - dearer by around Rs 35,000
Porsche 911 - dearer by Rs 29-72 lakh
Aston Martin - dearer by Rs 45 lakh - Rs 1 crore

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