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Green tax forces Maruti to hike car prices
Highlights
Maruti Suzuki India Ltd, India\'s top-selling carmaker, will raise the prices of its passenger vehicles by up to Rs 34,494, after the government imposed a new \'green\' tax on all cars. The price of its smart hybrid models, which are exempt from the new tax, will not be raised, Maruti stated on Thursday
New Delhi: Maruti Suzuki India Ltd, India's top-selling carmaker, will raise the prices of its passenger vehicles by up to Rs 34,494, after the government imposed a new 'green' tax on all cars. The price of its smart hybrid models, which are exempt from the new tax, will not be raised, Maruti stated on Thursday.
The automobile company did not specify when they will apply the new prices. In his budget on Monday, Finance Minister Arun Jaitley said the tax, effective immediately, is aimed at helping fight high levels of air pollution and congestion. On Wednesday, Daimler AG's Mercedes Benz said it would increase car prices in India by up to 5 percent.
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