GST effect on supercars: Lamborghini Aventador S gets Rs 1 crore price cut

This huge dip in tax by 12% has resulted in the Aventador S being priced at Rs 5.21 crore, significantly lower than the previous price of Rs 6.23 crore

By: | Published: July 9, 2017 1:31 PM
Image for representational purpose only

Goods and Services Tax (GST) has come as a boon for the automotive industry. While several mass-market car brands have witnessed a surge in their sales post GST, even supercar buyers will now also be able to avail massive price cuts, with the latest one to join the GST price reduction parade being Lamborghini. According to a report on Carandbike, the Aventador S will come with a price tag smaller by about Rs 1 crore. Lamborghini is one of the many luxury car manufacturers to have slashed prices on their product line, as previously the tax figure on luxury cars stood at 55% and has now been brought down to 43%, a figure inclusive of tax and additional cess. This huge dip in tax by 12% has resulted in the Aventador S being priced at Rs 5.21 crore, significantly lower than the previous price of Rs 6.23 crore. The tax reduction has made way for many luxury car manufacturers to reduce prices, including Mercedes-Benz and Audi, while also several brands extended GST benefits to the consumers even before the tax was officially applied on 1st July.

The Aventador S was launched in India in March 2017, and the first ever unit was delivered just recently to a customer in Bengaluru. The S in its name stands for the fact that it is powered by naturally aspirated V12 6.5-litre that makes 740 bhp, which is 49 bhp more than the standard Aventador. The torque figure remains the same at 690 Nm.

The Italian supercar is capable of doing 0-100 kph in a mere 2.9 seconds and a top speed of 350 kph. It gets a seven-speed gearbox and is rear-wheel-drive. The car features driving modes - Strada, Sport and Corsa, and additional 'Ego' mode. The driving mode allows the driver to customise drivetrain and suspension settings as per driving requirements and the terrain. The Aventador S is also the first production car to come with a four-wheel steering that provides better control at low and medium speeds.

Also read: GST impact on cars: Honda slashes prices by up to Rs 1.31 lakh, sales increase by 12 percent

Also read: GST impact on Renault Duster, company offers benefit up to Rs 1.04 lakh

Considering the reduction in overall tax on luxury cars, other manufacturers such as Rolls Royce, Bentley, Porsche are also likely to follow suit and announce a revised price list for their product lineup.

  1. M
    Mohan
    Jul 9, 2017 at 2:23 pm
    Really overwhelmed. This is what India needs now. This price reduction may induce comon man and daily wage earners to buy this car.
    Reply
    1. M
      Mayank shivhare
      Jul 10, 2017 at 6:55 am
      Not really still its to expensive for a daily wage earner sir.
      Reply