The GST Council plans to hike the cess on luxury cars and SUVs from 15% to as much as 25%, a move that has forced carmakers to go back to the drawing board on India plans. Photo: Pradeep Gaur/MintMumbai: Frequent changes in policy and tax structure have irked global auto industry majors, prompting some to review their India plans even as others wait to see if there are more changes before doing so. The GST Council plans to hike the cess on large cars and SUVs from 15% to as much as 25%. Andreas Lauermann, president and managing director Volkswagen India Pvt. In 2014, VW invested in a unit for local assembly of diesel engines since the demand for diesel cars was high.

Source: Mint August 14, 2017 20:26 UTC