The government recently announced that the cess on luxury cars and SUVs will be brought up form 15% to 25% starting next month. While some would say that it will not matter the rich fishing out a few extra lakhs for an already expensive car, but the catch here is that all cars which are above 4 metres in length and have an engine above 1.5 litres will be affected by the hike in cess. This means that cars like Hyundai Creta and Mahindra Scorpio are now likely to be even more expensive than they were before the Goods and Services Tax (GST) was applied. Following are five popular cars that will see a raise in price post revision in rates in September:
The Creta has been a stellar success for Hyundai and is available in several trims, prices of which currently start at Rs 8.92 lakh and goes up to Rs 14 lakh for the top variant. It comes in options of 1.4 and 1.6 petrol and diesel engines with a choice of manual and automatic transmission.
The Compass was recently launched in India and is slated to be a game changer for the Amercian brand that so far had high-end premium SUVs in its product portfolio. It is available in 1.4 and 2.0-litre petrol and diesel engine options with a choice of manual and automatic transmission. The prices start at 14.95 lakh and go up to Rs 20.65 lakh.
The ever so popular Scorpio will also see a hike in its price post-September revision in taxes. Mahindra's best-selling SUV retails at starting price of Rs 9.31 lakh to Rs 15.34 lakh for the top trim. It is available in various options over 2-litre engines, including the Intelli-hybrid and all-wheel-drive versions.
The XUV500 will also witness an increase in price post the September cess revision. Currently priced in a range of Rs 12.2 to Rs 18.17 lakh, it comes in several variants that include 1.9 and 2.2-litre diesel engines with the optional all-wheel-drive system. The XUV500 also has manual and automatic transmission options on offer.
The Innova has proven itself to be a comfortable option for people mobility. It comes with 2.4, 2.7 and 2.8-litre engine options with manual and automatic gearboxes to choose from. The starting price of the Innova Crysta is Rs 13.31 lakh and stretches to Rs 20.78 lakh for the fully loaded trim.
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