The government’s choice of lessening general sales tax (GST) on locally assembled cars up to 850cc to 12.5 per cent from 17pc within the budget 2021-22 taken after by exclusion of government extract obligation (Bolstered) and value-added tax will foreshadow well for little car buyers in terms of cost alleviation.

alto car price

Pak Suzuki Engine Company Ltd (PSMCL) will appreciate the concession most because it rolls out Bolan and Alto 660cc in higher volumes whose deals remained energetic with 65pc and 25pc rise in 11MFY21 to 8,009 and 36,504 units from 4,853 and 29,260 units within the same period FY20. Stakeholders remained a bit reluctant in giving a clear response over the budgetary measures declared for the auto sector.

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