MPVs like Kia Carens, Maruti Suzuki Invicto, Toyota Innova Crysta to be hit most by new GST cess slabs businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Maruti Suzuki Launches Invicto, Its First Premium Mpv menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Fitment Committee, comprising tax officials from the Centre and states, has recommended to the GST Council to define MUVs and XUVs at par with the sports utility vehicles (SUVs).
Maruti Suzuki India Ltd is moving into the premium three-row segment with its latest offering, Invicto. The automobile manufacturer is seeking to reinvent itself as a premium brand with Invicto putting the company in an entirely new territory, the above-Rs 20 lakh segment. The increasingly crowded Indian market previously encouraged compact cars, but rising incomes, middle-class adventurism, and demand for premium vehicles have disrupted this.