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GST Impact: Jeep Compass prices go up

GST Impact: Jeep Compass prices go up”

According to experts, other automakers are likely to announce more revised price lists to pass along the increased tax burden to their consumers.

GST Council has suggested hike in cess up to 7% on some vehicles increasing the GST incidence on these cars.

Honda Cars has begun charging the revised prices from September 11, with model wise increases ranging up to almost Rs 90,000.

Two auto manufacturers - Fiat and Honda have already revised the prices on their vehicles.

Globally, Fiat Chrysler Automobiles (FCA) sells vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram, SRT brands as well as luxury cars under the Maserati brands.

In the last one week carmakers like Toyota Kirloskar Motors and Honda Cars India have notified their customers about the increase in price.

India on Friday hiked prices of its Jeep and Fiat range of vehicles by up to Rs 6.4 lakh following hike in GST cess.

Fiat has announced a revision in prices for all its models in India, effective September 15, 2017.

The GST Council on September 9 chose to hike cess on mid-sized cars by 2% taking the effective GST rate to 45%.

The development followed increase in GST cess rates on mid-sized and large cars and SUVs by 2, 5 and 7 per cent, respectively.



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