Bigger Cars and SUVs to benefit under GST regime; Taxation on other segments largely neutral : ICRA

Key Points:

Passenger Vehicles: Taxation on Bigger Cars and SUVs to reduce; Hybrid vehicles to cost more

Bigger Cars and SUVs are major beneficiaries under GST

GST rates likely to be neutral for Two Wheeler OEMs according to ICRA

Motorcycles above 350cc will attract an additional cess of 3%

ICRA  feels GST rates likely to be neutral for CV OEMs barring the additional cess proposed on mini-buses, which will be reviewed in due course

Please click below link to view the detailed  note on the Impact of GST on the Automobile Sector by ICRA

ICRA study on the impact of GST on Automobile sevctor, May 23, 2017