Automakers pass on GST hike to buyers

While continuously increasing the prices on the pretext of rupee devaluation and rising raw material prices, assemblers on Tuesday passed on the impact of one per cent hike in general sales tax to the consumers. Indus Motor Company (IMC) had already raised prices thrice in one month. In the fourth price jump, the company has announced new price of Yaris 1.3 MT, 1.3 CVT, 1.3 H MT, 1.3 H CVT, 1.5 MT and 1.5 CVT to Rs4.316 million, Rs4.588m, Rs4.558m, Rs4.790n, Rs4.911m and Rs5.213m from Rs4.279m, Rs4.549m, Rs4.519m, Rs4.749m, Rs4.869m and Rs5.169m. The new rates of Corolla 1.6 MT, 1.6 CVT, 1.6 CVT Upsspec, 1.8 CVT, 1.8 CVT SR and 1.8 CVT SR BLK are Rs5.576m, Rs6.111m, Rs6.716m, Rs6.423m, Rs6.998m and Rs7.039m as compared to Rs5.529m, Rs6.059m, Rs6.659m, Rs6.369m, Rs6.939m and Rs6.979m. The new rates of Hilux STD, STD Upspec, Deckless, 4x4 and ZTR are Rs6.787m, Rs6.917m, Rs6.282m, Rs8.985m and Rs6.504m versus Rs6.729m, Rs6.759m, Rs6.229m, Rs8.909m and Rs6.449m.