As all Suzuki vehicles got expensive, luxury SUVs become cheaper due to revised import duty structures as authorities slashed Customs Duty, Regulatory Duty, and cut Additional Customs Duty to 6pc.
| Model | Year | Price Cut in Lac |
|---|---|---|
| LC300 ZX | 2024 | 76 – 80 lakh |
| Lexus LX570 | 2021 | 75 – 78 lakh |
| LC300 ZX | 2023 | 70 – 71 lakh |
| Prado LC150 | 2021 | 29 – 30 lakh |
Buyers of the Land Cruiser are now saving millions, which is a big change from the usual policies that tax luxury items more than necessities. These many new taxes could make economic gaps even wider in the already struggling car market.
While most working-class people see their affordable car options getting more expensive, wealthy buyers are being encouraged with lower costs on vehicles worth millions of rupees.
The government says that the reduced duties on imports are meant to make trade legal and to stop smuggling and the misuse of amnesty schemes.
