Automaker Ford India has raised prices of its premium SUV Endeavour by up to Rs 1.8 lakh depending on the variants following hike in GST cess rates. The move comes after the GST council, on September 9, revised the cess structure adopted for large cars, SUVs and mid-sized sedans in India post implementation of the GST on July 1, 2017. The cess rates, under the Goods and Services Tax (GST), on mid-sized and large cars and SUVs have been increased by 2, 5 and 7 per cent respectively. Under the GST regime, cars 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.
Also Read: Tata Hikes Price Of Hexa And Safari Storme
"Price of Endeavour has gone up in the range of Rs 1.2 lakh to Rs 1.8 lakh depending on the variant, while the impact on company's other models has not been much," Ford said in a statement.
Ford sells a range of vehicles in the country, from Figo hatchback to iconic Mustang sedan.
Various automakers including Hyundai Motor India, Fiat Chrysler Automobiles (FCA), Honda Cars India and Toyota Kirloskar Motor (TKM) have already raised prices following the hike in cess.
Also Read: Maruti Suzuki Ciaz Petrol And S-Cross To Become More Expensive
Tata Motors had to increase the price of the Hexa and the Safari Storme because of the revision in cess and now the Hexa's price has gone up by almost Rs. 96,000. Tata Motors had slashed prices across its variant in July this year when GST came into force. The newly launched Jeep Compass has also undergone a price hike. The Jeep Compass will be pricier by between Rs 21,000 to Rs 72,000 depending on the variant and engine option. Maruti Suzuki, too, hiked prices of the S-Cross and the Ertiga recently.
