As GST 2.0 kicks in, cars will get cheaper

GST 2.0 takes effect from today

• The much-awaited GST 2.0 will take effect from today, bringing landmark changes for automobile buyers in India.
• With revised tax rates, major automobile companies are providing the benefit of the new GST tax structure directly to customers.
• The reductions range from Rs 40,000 on entry-level hatchbacks to a massive Rs 30 lakh on premium SUVs, making this one of the highest price reductions in the Indian auto sector.
• From Maruti Suzuki’s budget cars to Range Rover’s high-end SUVs, customers will witness substantial savings.

Brand-wise breakdown of price cuts

• Mahindra up to Rs 1.56 lakh cheaper: Bolero Neo – Rs 1.27 lakh cheaper; XUV 3XO – Rs 1.40 lakh (petrol), Rs 1.56 lakh (diesel) cut; Thar range – up to Rs 1.35 lakh cheaper; Thar Roxx – Rs 1.33 lakh cheaper; Scorpio Classic – Rs 1.01 lakh cheaper; Scorpio N – Rs 1.45 lakh cheaper; XUV 700 – Rs 1.43 lakh cheaper.
• Tata Motors up to Rs 1.55 lakh cheaper: Tiago – Rs 75,000 cut; Tigor – Rs 80,000 cheaper; Altroz – Rs 1.10 lakh cheaper; Punch – Rs 85,000 cheaper; Nexon – Rs 1.55 lakh cut; Harrier – Rs 1.40 lakh cheaper; Safari – Rs 1.45 lakh cut; Curvv – Rs 65,000 cheaper.
• Toyota up to Rs 3.49 lakh cheaper: Fortuner – Rs 3.49 lakh cheaper; Legender – Rs 3.34 lakh cheaper; Hilux – Rs 2.52 lakh cut; Vellfire – Rs 2.78 lakh cheaper; Camry – Rs 1.01 lakh cut; Innova Crysta – Rs 1.80 lakh cheaper; Innova Hycross – Rs 1.15 lakh cheaper; Other models – up to Rs 1.11 lakh cheaper.
• Range Rover up to Rs 30.4 lakh cheaper: Range Rover 4.4P SV LWB – Rs 30.4 lakh cut; Range Rover 3.0D SV LWB – Rs 27.4 lakh cheaper; Range Rover 3.0P Autobiography – Rs 18.3 lakh cheaper; Range Rover Sport 4.4 SV Edition Two – Rs 19.7 lakh cheaper; Velar 2.0D/2.0P Autobiography – Rs 6 lakh cut; Evoque 2.0D/2.0P Autobiography – Rs 4.6 lakh cheaper; Defender range – up to Rs 18.6 lakh cheaper; Discovery – up to Rs 9.9 lakh cheaper; Discovery Sport – Rs 4.6 lakh cut.
• Kia up to Rs 4.48 lakh cheaper: Sonet – Rs 1.64 lakh lower; Syros – Rs 1.86 lakh cheaper; Seltos – Rs 75,372 cheaper; Carens – Rs 48,513 off; Carens Clavis – Rs 78,674 off; Carnival – Rs 4.48 lakh cheaper.
• Skoda benefits up to Rs 5.8 lakh: Kodiaq – Rs 3.3 lakh GST cut + Rs 2.5 lakh festive offers; Kushaq – Rs 66,000 GST cut + Rs 2.5 lakh festive offers; Slavia – Rs 63,000 GST cut + Rs 1.2 lakh festive offers.
• Hyundai up to Rs 2.4 lakh cheaper: Grand i10 Nios – Rs 73,808 cheaper; Aura – Rs 78,465 off; Exter – Rs 89,209 off; i20 – Rs 98,053 cheaper (N-Line Rs 1.08 lakh); Venue – Rs 1.23 lakh cheaper (N-Line Rs 1.19 lakh); Verna – Rs 60,640 cheaper; Creta – Rs 72,145 lower (N-Line Rs 71,762); Alcazar – Rs 75,376 cut; Tucson – Rs 2.4 lakh cheaper.
• Renault up to Rs 96,395 cheaper: Kiger – Rs 96,395 off.
• Maruti Suzuki up to Rs 2.25 lakh cheaper: Alto K10 – Rs 40,000 off; WagonR – Rs 57,000 cheaper; Swift – Rs 58,000 cut; Dzire – Rs 61,000 cheaper; Baleno – Rs 60,000 cheaper; Fronx – Rs 68,000 cut; Brezza – Rs 78,000 cheaper; Eeco – Rs 51,000 cut; Ertiga – Rs 41,000 cheaper; Celerio – Rs 50,000 lower; S-Presso – Rs 38,000 cheaper; Ignis – Rs 52,000 cut; Jimny – Rs 1.14 lakh cut; XL6 – Rs 35,000 cheaper; Invicto – Rs 2.25 lakh cheaper.
• Nissan up to Rs 1 lakh cheaper: Magnite Visia MT – priced under Rs 6 lakh; Magnite CVT Tekna – Rs 97,300 cheaper; Magnite CVT Tekna+ - Rs 1,00,400 cheaper; CNG Retrofit Kit – priced at Rs 71,999 (Rs 3,000 cut).
• Honda up to Rs 72,800 cheaper: Honda Amaze 2nd Gen – up to Rs 72,800 cheaper; Honda Amaze 3rd Gen – up to Rs 95,500 cheaper; Honda Elevate – up to Rs 58,400 cut; Honda City – up to Rs 57,500 lower.

Editor’s Note

• With the arrival of the much-awaited GST 2.0, automobile buyers will see substantial savings just days before the start of the festive season. With reduced prices of cars, more cars will be purchased. It will be interesting to see, how automobile makers roll out the price cuts as we speak.
• #substantialsavings #gst2.0 #revisedtaxrates #entrylevelhatchbacks