He says the per unit tax on cars with a 1000 cc engine capacity has been raised by Rs. 250, which will increase the price of a Maruti car by around Rs. 200,000.
With the Rs. 300 per unit tax increase for 1800 – 2000 cc hybrid cars, the price of a XL car will go up by Rs. 01 million, according to him.
Also, the tax amendment for-three wheelers will result in a price increase of around Rs. 50,000.
With the reduction of taxes for electric cars, the price of a Leaf car will come down by around Rs. 300,000 – 400,000, Merenchige says.
The minimum price of a HiAce will be reduced by around Rs. 4.5 million due to the reduction of taxes on dual-purpose vehicles.
A 50 per cent minimum tax for double-cabs and a Rs. one million minimum tax for small lorries with less than a 1000 cc capacity have also been introduced, he notes.