GST: No change in plans for hybrid cars despite increased tax, says Toyota

Toyoka Kirloskar Motor, Toyota, Camry Hybrid

Latest News – Toyota Kirloskar Motor today said it will not change its plans for hybrid vehicles in India despite an increase in tax rates on the category of vehicles under GST resulting in higher prices.

Under the new tax regime, prices of the company’s popular hybrid sedan Camry have gone up by an average of Rs 3 lakh.

The model, which is assembled at the company’s Bengaluru plant, now costs around Rs 35 lakh as against Rs 33 lakh earlier.

Hybrid vehicles are on the same slab as luxury cars at 28 per cent GST plus 15 per cent cess at present. At 43 per cent, total tax (Read More)

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