The automakers in India are giving away discounts and offers for SUVs and luxury cars in line with the Goods and Service Tax (GST) implementation. While manufacturers like Mercedes-Benz, Audi, JLR and BMW have already announced their decision to pass on the benefits of GST to customers, more carmakers are expected to follow the suit.
Toyota is expected to slash the prices of its new Fortuner SUV in India next, Rushlane reported. Although the company still has not spoken about the price cut on any of its models, report suggests the price of Fortuner would be reduced by up to Rs. 1.2 lakh.
The new tax regime, which will come into effect from July 1, levies lesser tax on SUVs and luxury cars compared to the current tax structure. With the new GST norms, the cars attract a tax rate of 28 percent. In addition to this, there is a 15 percent of maximum cess on SUVs and luxury cars, taking it to a total of 43 percent.
Offered in six variants -- 4x2 Petrol Manual, 4x2 Petrol Auto, 4x2 Diesel Manual, 4x2 Diesel Auto, 4x4 Diesel Manual and 4x4 Diesel Auto, the Fortuner comes with a 2.7-litre petrol engine or a 2.8-litre diesel motor under the hood. While the diesel variant is tuned to generate 175bhp and 420Nm of torque, the petrol mill pumps 164bhp of power with 245Nm of torque. The transmission in petrol is handled by a five-speed manual gearbox or a 6-speed automatic, whereas six-speed manual and automatic gearbox do the duty in diesel models.
The Fortuner is currently priced in the range of Rs. 26.66 lakh to Rs. 31.86 lakh (Ex-showroom Delhi).
Source: Rushlane
