New Delhi: Maruti Suzuki said on Thursday that it has hiked ex-showroom prices of its vehicles between Rs 1,441 to Rs 34,494 across its models following imposition of infrastructure cess on automobiles in the Budget.
However as smart hybrid models are exempt from the infrastructure cess, there is no change in the prices of Ciaz SHVS and Ertiga SHVS.
“Following the infrastructure cess on automobiles in the Union Budget 2016-17... Prices of its models would go up in the range of Rs 1,441 to Rs 34,494 across its models,” Maruti Suzuki India said in a statement.
The government has decided to impose 2.5 per cent cess on diesel vehicles of length not exceeding four-metre and engine capacity not exceeding 1,500 cc while higher engine capacity and SUVs and bigger sedans were slapped with a cess of 4 per cent on the value of the car.
These are over and above a cess of 1 per cent on petrol/LPG/CNG driven vehicles of length not exceeding 4 meter and engine capacity not exceeding 1,200 cc.
Lava plans to set up R&D facility in Hyderabad
Lava, an Indian mobile handset maker, on Thursday said that it is planning to set up a research and development centre in the city.
“We have already submitted an application to the Telangana government for setting up an R&D centre. The talks with the government are at an advanced level,” Sandeep Dongre, vice-president and business unit head South at Lava.
“Once the proposal is cleared by the state, we will start an R&D centre in Hyderabad, which will create jobs for 200 people,” he said.
