Cabinet approves hike in additional tax on luxury cars, SUVs: source

Reuters  |  NEW DELHI 

(Reuters) - The Indian on Wednesday approved raising a levy on luxury and sports utility vehicles to 25 percent from 15 percent, a official with knowledge of the decision said.

The new levy is in addition to taxes on the sale of luxury vehicles.

(Reporting by Nigam Prusty and Tommy Wilkes; Editing by Malini Menon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 30 2017. 12:34 IST