Ford has announced that the benefits after implementation of Goods and Service Tax (GST) will be passed on to customers. As such, prices of the Figo, Aspire and EcoSport have been dropped by up to Rs 30,000.
The new GST taxation system has brought smiles to the faces of several car manufacturers, especially big sedans and SUV makers. But hybrid car makers are definitely unhappy due to the exorbitant tax rate of 43 per cent levied on hybrids.
Honda India is gearing up to overhaul its brand perception in the country. The company that focused primarily on mass market cars like the Brio and the Amaze is now evaluating to get premium cars to the Indian market to increase its brand value.
Other than developing the standard 8 Series, the skunkworks at BMW’s M division are also working flat out on the M model. A fully camouflaged, early prototype of this upcoming high-performance model will be unveiled at the Nurburgring 24-hour race.