Hybrid car sales hit bump after GST

Toyota Camry sales down 30%, Maruti sees a 'steep' drop in demand for Ciaz and Ertiga

Ajay Modi  |  New Delhi 

Demand for hybrid cars are on a decline since July 1 when companies raised prices by as much as 20 per cent to pass on the impact of the goods and services tax (GST). Toyota, which was seeing a gradual acceptance of its Camry Hybrid, has seen demand dip by about 30 per cent. Maruti Suzuki, the biggest carmaker, with its mild hybrid vehicles Ciaz and Ertiga, said a ‘steep’ decline was already visible.  India has decided to tax hybrid vehicles at 43 per cent (including a 15 per cent cess), a rate identical to taxes that luxury cars attract under the GST. ...

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