Budget 2016: Hatchbacks, SUVs to get costlier
The Union Budget announced today introduced an infrastructure cess on hatchbacks and SUVs, effective from April 1 this year. An infrastructure cess of 1% will be levied on small petrol, LPG, CNG cars within 4 metres and 1200 cc engine capacity, while 2.5% on sub-4 metre diesel cars within 1500 cc. Further, SUVs will carry additional 4% 'high capacity' tax.