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Indian cabinet approves hike in additional tax on luxury cars, SUVs - source
August 30, 2017 / 6:56 AM / 24 days ago

Indian cabinet approves hike in additional tax on luxury cars, SUVs - source

NEW DELHI, Aug 30 (Reuters) - India’s cabinet on Wednesday approved raising a levy on luxury cars and sports utility vehicles to 25 percent from 15 percent, a government official with knowledge of the decision said.

The new levy is in addition to taxes on the sale of luxury vehicles. (Reporting by Nigam Prusty and Tommy Wilkes; Editing by Malini Menon)

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