Since Indian Union budget 2012 which increased the excise duty for cars, the car manufacturers are officially releasing the price list of their cars after the new excise duty levied on cars ranging hatchback variants, luxury sedans and SUV’s. Previously we had told you about the Price list of Honda cars after Union Budget 2012-13, today Skoda has officially launched the price list of their cars such as compact hatchback Fabia, The mid level sedan Rapid (which is a sibling to VW Vento), Skoda Laura, the luxury sedan Superb, and their compact SUV Skoda Yeti.
As you all know that the excise duty levied on small cars such as Fabia has increased from 10% to 12%. The large cars such as Rapid which has engine capacity of less than 1.5 litres has been hiked from 22% to 24%. The Indian union budget defines the large cars by the engine capacity less than 1.5 litres. Also the SUV and cars with engine capacity more than 1.5 litres excise duty increased from 22% to 27%. So Skoda Laura, Superb and Yeti falls under Large cars category.
The Skoda has increased the price of their cars ranging from 2.2% for Skoda Fabia to 5.1% to their luxury sedan Skoda Superb. This isn’t a suprising factor because, all the car makers have been increasing the prices after the budget 2012-13 and now After Honda and Maruti, Skoda has come out officially with the price list.
Check out the price list below :