Luxury Cars filling AP’s coffers!

Post the state bifurcation, the sale of luxury cars has increased very much in Andhra Pradesh. The state has got 1193 Crores income from the Life Tax of these vehicles from April to November. Vehicle owners are purchasing these vehicles in their state itself with the intention of getting the tax benefit to their mother state.

During the same time last year, Seema Andhra got 1000.38 Crore from Life Taxes indicating that 19% improvement after the bifurcation. This improvement is greater than the national average improvement which is 15%. Usually there will be 3-5% increase of vehicle dealers every year but after the bifurcation from April to November, the increase is 10%.

Except for one or two models like Range Rovers, all luxury cars like BMW and Audi are now available in Andhra Pradesh. Along with cities like Vijayawada and Vishakapatnam, relatively small cities and towns like Rajahmundry, Anantapur, Kurnool, Guntur are also getting car showrooms.