Smipl

Mahindra is set to launch an exciting lineup in 2024 for the Indian market. Thar 5-door, an extended off-road SUV, and the XUV e8, an electric SUV, highlight Mahindra's new products for the year.

The cost of buying an SUV or MPV (multi-purpose vehicle) for your garage is going up. The GST Council decided to raise the cess from 20 per cent to 22 per cent, which would likely lead to a 2 per cent increase in the price of UVs, especially those longer than four metres.

The Ministry of Finance has proposed to revise the current GST cess on SUVs and luxury cars from 15 per cent to 25 per cent. The Goods and Services Tax (GST) may have been in place for well over a month now, but the government is already planning to revise the tax-structure on certain products.