Time To Shop

Automotive companies pass the benefits to customers, ahead of GST

- S.M. Boothem

If you are planning to buy a car or a two-wheeler, this is the best time to head to the showroom. Indian automobile companies have lined up with huge discounts on a variety of models that they are offering to customers before the official implementation of the Goods & Service Tax (GST). For automobiles, the GST Council has fixed a 28 per cent tax rate for all diesel and petrol vehicles. Small petrol cars (sub-four metre in length) will attract an additional 1 per cent cess and small diesel cars an additional 3 per cent cess, with an additional 15 per cent for luxury cars and suvs.

Luxury car-makers Audi, BMW and Mercedes are offering many benefits on various models. BMW has reduced the rate of interest to 7.90 per cent and is offering complimentary service and maintenance for three years, free insurance and assured buyback upto four years to attract customers. "Sheer driving pleasure is now available at an unmatched value before the official implementation of GST," says Vikram Pawah, president, BMW group India. "The combination of enhanced benefits, along with GST benefits during the run-up to GST implementation on select models, is an irresistible window of opportunity for enthusiasts to fulfill their 
dreams of owning a BMW."