Ahead of GST rollout, Jaguar Land Rover India has announced a price reduction on locally manufactured cars by up to 12 percent, and that too with immediate effect. The reduction in price will vary from Rs. 2 lakh to Rs. 10.9 lakh depending on the model in Jaguar Land Rover line-up in India. For your information, the GST will come into effect from July 2017 onwards and according to carmaker the estimated price reduction post-GST will be up to 12 percent and vary from state-to-state and model to model basis.
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In India, Jaguar Land Rover currently has five models including the XE, XF, and XJ sedans, while the Discovery Sport and Range Rover Evoque from Land Rover. As part of the price reduction, the carmaker will be passing on the benefit of Rs. 2 -5.7 lakh on the Jaguar XE, which will go up to Rs 4 lakh to Rs. 10.9 lakh on the Jaguar XJ. On Land Rover models, i.e. Discovery Sport and Range Rover Evoque, the benefits will vary between Rs. 3.3 lakh and Rs. 7.5 lakh. The benefits, however, are available on the select stock of vehicles.
Just to let you know, the GST replaces complicated tax procedure on vehicles, and as per new norms, the GST rate on all passenger cars has been fixed at 28 percent while the sub 4-metre petrol (under 1.2-litre), and diesel (under 1.5-litre) cars will have an additional 1 and 3 percent cess respectively. In addition to this, Cars that are larger than 4-metres will have an additional 15 percent cess.
Press Release Quote:
Rohit Suri, President and Managing Director, Jaguar Land Rover India, 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. In support of this initiative from the Government of India and in line with Jaguar Land Rover’s Customer First philosophy of also being transparent and dependable, we are pleased to proactively pass on benefits linked to the expected price reduction to our customers with immediate effect.”
