In particular, Nissan, which is planning to launch its global sports utility models in the Indian market, has now issued a statement on the basis on which cars should be taxed. Check here for full details.For cars, cars are taxed based on the type of engine they have and the length of the car.
Rakesh Srivatsava, Managing Director, Nissan Motor India, has said that taxes should not be imposed on the basis of engine and length of cars, but should be decided on the basis of how much emissions a vehicle produces. That is, he mentioned that a tax should be levied according to the amount of smoke a car emits. Emissions are the release of smoke.
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Many people are wondering why such a statement has been released by Nissan India.
It is said that such a recommendation has been made because of the introduction of hybrid model vehicles in India with improved technical features to reduce air pollution. Not only that, it is said that as per the existing tax schedule, more taxes are payable and if the taxes are changed based on emissions, the amount of tax payable can be reduced.
Details of Taxation already in force:
The government has already introduced a specific tax system for vehicles up to four meters and a different tax system for vehicles above four meters based on vehicle length and fuel consumption.
Currently passenger car is placed in the highest tax slab of 28% as per the current GST rules of the country. It is noted that cess will also be levied on this. Small size petrol cars with engine capacity less than 1200 cc are charged only 1% cess on top of 28% GST. But for diesel cars with engine capacity below 1500 cc, 3% percent cess is levied along with GST.
It is to be noted that 50% GST is levied on SUVs longer than 4000 mm and with ground clearance of 169 mm. As hybrid vehicles are taxed at 43%, levying taxes commensurate with pollution emission levels is thought to help car manufacturers avoid paying higher taxes.
Magknight and Gigus are the two most selling models. Nissan India, which already has a significant customer base in India, seems to be planning to strengthen its market by introducing globally popular SUVs including the X-Trail, Juke, and Qashqai in the Indian market.
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