From June 1, only vehicles with engine capacity up to 2,500 CC and costing up to Rs 12 lakh will be available through Canteen Stores Department, officials said.
The duration of purchase of vehicles has also been increased from four to eight years according to a letter issued by Quarter General Branch of the Army, they said.
Officials said those in the pay level of 3A and 9 can purchase vehicles with a capacity up to 1,400 CC that comes in the range of Rs 5 lakh.
The decision will lead to exclusion of most of the SUVs that cost more than Rs 12 lakh or with an engine capacity of more than 2,500 CC.
Defence personnel can buy vehicles from military canteens comparatively at a cheaper price than what is available in the market as they get GST exemption. Several retired personnel also avail this facility.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.