Ups and downs of vehicle prices after budget

Ups and downs of vehicle prices after budget

The topic about price changes after the 2018 budget proposals yesterday was focused upon by many people. In this connection several analysts have given their opinion and have given an indication as to how prices of vehicles would behave on

forthcoming days.

What the Vehicle Importers' Association has indicated was that vehicles such as Toyota Axio, Aqua, Honda Vessel and Honda Grace would have a price hike of about Rs. 750,000. Toyota Pries, Nissan X Trail, and Mitsubishi Outlander would skyrocket by Rs. 10 lakhs. That Toyota Primio and Toyota Alion could increase by Rs. 2 lakhs, it is reported. Toyota Prado may go up by Rs. 75 lakhs. Instead of the luxury vehicle tax in existence at present to be paid within 7 years, an immediate payment of a luxury vehicle tax would be introduced by the present budget at hand. As such, tax values are as follows