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GST impact: Ford Endeavour costlier by up to Rs 1.8 lakh post cess hike

The impact on company's other models has not been much, the spokesperson said

Press Trust of India  |  New Delhi 

Ford
Ford. Photo: Reuters

Automaker has raised prices of its premium by up to Rs 1.8 lakh following hike in cess rates.

The company sells a range of vehicles in the country, from Figo hatchback to iconic Mustang sedan.

"Price of Endevour has gone up in the range of Rs 1.2 lakh to Rs 1.8 lakh depending on the variant," a company spokesperson told PTI.

The impact on company's other models has not been much, the spokesperson added.

Various including Hyundai Motor India, Fiat Chrysler Automobiles (FCA), Honda India and (TKM) have already raised prices following the hike in cess.

The cess rates, under the (GST), on mid sized and large and have been increased by 2, 5 and 7 per cent respectively.

Under the regime, which was rolled out from July 1, now attract the highest tax slab of 28 per cent and on top of that is the cess ranging from 1 per cent to 22 per cent.

First Published: Mon, September 25 2017. 16:12 IST