Customs hike, high GST to affect sales: Jaguar Land Rover
Luxury car brand Jaguar Land Rover (JLR), a subsidiary of Tata Motors, is expecting a drop in growth this year due to hike in customs duty on components and high GST rates on the premium segment. The impact of customs duty hike on parts and kits by 5% would raise prices ranging between 3.5-5% across the various models of JLR.