The Ineos Grenadier four-wheeled wagons have been exempted from the luxury car tax (LCT), saving potential buyers from (approximately) $4000 to about $15,000 depending on how they configure their vehicle.
The startup today issued a note to those who have pre-ordered, saying it has “worked with the Australian Taxation Office on a separate Regulation” to exempt its new workgroup from the LCT.
“The ATO has recognized that due to the design, engineering and capabilities of the Grenadier, it is not considered a Luxury Vehicle for tax purposes and therefore all Wagon models, options and accessories are exempt from the LCT. ,” it added.
Cars priced above $71,849 (or $84,916 if considered fuel efficient) attract an LCT higher than the aforementioned threshold of 33%, which is paid by the dealer and passed on to the consumer.
Ineos Australia has since updated its configuration and the removal of the LCT applies to both two- and five-seat versions. Removing the LCT brings down more than $4000 from a base Grenadier on configurator and over $14,000 from a top spec model with all accessories added.
On another regulatory topic, Grenadier’s 3550kg GVM classifies it in the NB1 midsize cargo vehicle category, which means it avoids 5% import duties. Made in France, otherwise it will be affected as Australia and EU do not have a free trade agreement.
The NB1 vehicle is also ANCAP-tested – ideal for Ineos as it doesn’t fit all of the driver-assistance features needed to achieve maximum scores, which some fleets require – and ADR 85/00 stipulation on side effectsthough all Grenadiers have side and curtain airbags regardless.
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Ineos Automotive this April delivered a promised price of $84,500 (before on-road costs) for the base Grenadier version – a successor to the clean spirit of the original Land Rover Defender.
It also keeps its promise to charge a modest $1000 premium for the five-seat Station Wagon compared to the two-seat Utility Wagon, and remains committed to helping. the owner likes do-it-yourself maintenance. It also promises a dual taxi to arrive in time.
There will be three levels of specs: the base entry point, the more rugged Trailmaster, and the more luxurious Fieldmaster. There is also a list of options and accessories as long as your arm.
Book order opens May 18, with Australia is now one of the top three global markets for placeholders. When the first models arrive at the end of 2022they will line up against the symbol Toyota LandCruiser 70 Series Its closest family, contemporary.
Grenadier is the brainchild of Sir Jim Ratcliffe, a British billionaire engineer and chairman of the petrochemical giant Ineos. Not a single expense was saved for his passion project.
The official story says that Ratcliffe hung out in London’s Grenadier pub in 2017, complaining about Land Rover’s decision to ditch the old Defender and replace it with a more modern and luxurious new SUV. .
Ineos Automotive Australia will be a factory-supported operation rather than an independent licensed distributor, with Australia seen as an important start-up market with a large pool of “skilled” workers and hobbyists. enjoy the entertainment is queuing and participating.
The company will support the launch of the 4×4 certainly in Australia with 28 retail sites, many of which will have appropriate headquarters in areas outside the city limits. Among the launch partners are dealer groups, in addition to 4×4 specialists and even agricultural equipment dealers.
The company has appointed Justin Hocevar to head its Asia-Pacific operations, who previously ran Mini Australia and Renault Australia, and was a senior executive at Jaguar Land Rover and BMW Motorrad.
Production of Grenadiers will be built in a 210,000 square meter old Mercedes-Benz (Smart) factory in Hambach, France, since purchased by Ineos. Since 2019, the plant has received AUD 770 million for upgrades, funded by both Mercedes-Benz and Ineos.
The custom development vehicles are built by Magna in Austria, and undergo a widely covered and public torture testing program.
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