Hyundai hits out at frequent changes in tax rates on automobiles by GST council, says it will impact investment


dna reports:
Hyundai Motor India (HMIL) hit out at the frequent changes in tax rates on automobiles saying investment for new products and technology will be adversely impacted in the absence of consistent and long term policy. The GST Council last week decided to hike cess on mid- size cars by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent to bring tax rates on these cars at pre-GST levels.
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