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Yes, the relaxation is only for small cars. However, medium and big sized cars like City and Verna will get cheaper as the overall tax will go down due to the removal of GST Compensation Cess.
Two little, too late. Unless you have income tax cuts, rapid privatisation and shrinking of the bureaucracy, the economy won’t grow.
Is the relaxation applicable only for small cars? Do Honda City, Verna etc still get taxed at the higher rate? If yes, then it’s bullshit. These are basic aspirational middle class cars.