GST impact: Tata Motors’s JLR cuts prices by average 7% across models - News Summed Up

GST impact: Tata Motors’s JLR cuts prices by average 7% across models


New Delhi: Tata Motors-owned Jaguar Land Rover on Saturday reduced prices of its entire vehicle range in India on an average by 7% to pass on benefit of reduced tax incidence under GST. More From Livemint »“On an average, on the basis of ex-showroom Delhi prices, the reduction in the prices of our vehicles across the range will be around 7%,” Jaguar Land Rover India president and managing director Rohit Suri told PTI. The Jaguar portfolio in India includes XE with a starting price of Rs34.64 lakh, XF starting at Rs44.89 lakh, F-PACE Rs67.37 lakh onward and XJ with a starting point of Rs97.39 lakh (ex–showroom prices across India). On the other hand, the Land Rover range includes the Discovery Sport starting at Rs40.04 lakh, Range Rover Evoque at Rs42.37 lakh upward, Range Rover Sport beginning at Rs89.44 lakh and Range Rover with a starting price point of Rs1.59 crore (ex-showroom in India). Asked about the company’s preparedness of the new system, Suri said: “We are absolutely ready.


Source: Mint July 01, 2017 07:30 UTC



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