Quote:
Originally Posted by extreme_torque  @ALL... Why do cars that are made almost completely in india with localization levels close to 80-90% cost comparatively more? What are all the taxes on cars that are made in india? |
Costing is primarily due to the INR not being commoditized and that its a fairly weak currency.
LTT is the tax applicable to autos. The current price increase is not directly to increase in LTT and duty but an across-the-board distribution of a higher educational cess to fund the education sector.