Car Makers Offering Uniform Prices : GST Impact

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Taking a step closer to what it can be termed “one-nation-one-price”, carmakers are now moving towards pricing new vehicles in a uniform manner across the country. The recent examples can be seen in the price structure of freshly-launched Toyota Yaris and Ford Freestyle.

This change is happening thanks to GST (goods and services tax) being in place, which has eliminated various and varied state levies such as excise duty, VAT (value-added tax), infrastructure cess, octroi etc.

While some luxury carmakers had made the shift to uniform price tags last year, it is only know that the mass-segmented players are joining the fold. Others are expected to follow Ford and Toyota soon.

Read more at : https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/carmakers-start-offering-uniform-prices-pan-india/63974648