Hyundai seeks clarity from govt on definition of luxury cars
Hyundai Motor India on Tuesday sought government's clarity on definition of luxury cars and how these are defined for taxation purpose under GST. At current GST rates, Hyundai models like new versions of Verna and Elantra attract the same tax rate as luxury models from BMW, and Audi. However, pre-GST, these models attracted a lower tax than other luxury vehicles.