And Now, Glory 580 Prices Decreased Upto Rs89,000
And the series of price reduction continues, as the rates of Glory 580 have been brought down by the Regal Automotive Industries. As per a notification, the prices have been reduced upto Rs89,000.
The new prices are affective from today.
New Prices of Glory 580:
Glory 580 Pro 1500cc Turbo has seen a decrease of Rs89,000 as now it will cost in Rs4,610,000 as compared to its old rate of Rs4,699,000. Meanwhile, the revised rate of Glory 580T 1500cc Turbo is Rs4,229,000 against its old rate of Rs4,299,000, meaning a decline of Rs70,000.
Last but not least, the price of Glory 580 1800cc saw a decline of Rs70,000, taking its rate to Rs4,379,000 as compared to its old rate of Rs4,449,000.
The company has discontinued Glory 580 1.5t manual variant of the vehicle.
In the notification, the company said in view of Budget 2021-2022 and as a result its impact on Ex-Factory Prices, the prices are being revised.
The new prices are implemented from today and these are Ex-Factory prices.
The prices of different cars have been decreasing after announcement of Auto Policy (2021-2026) yesterday. Under the new policy, the government has removed Federal Excise Duty (FED) on cars upto 1000cc cars, along with Additional Customs Duty (ACD). Meanwhile, General Sales Tax (GST) has been reduced to 12.5% from 17% for this category.
Meanwhile, FED on cars between 1001cc to 2000cc has been reduced to 2.5% from 5%, while FED on cars above 2000cc is reduced to 5% from 7.5%. The ACD on both of these categories is declined to 2% from 7%.
Now, the companies are transferring the benefit to the consumers and we are expecting that in next 1-2 days, all companies will announce revised low prices.
What are your thoughts on the new auto policy? Do you think the companies are transferring complete benefit to the buyers? Share your thoughts with us in the comments section.