Car buyers across India can take a sigh of relief in this festive season since the GST 2.0 reforms have significantly impacted car prices. These reforms have come at a good time for the automobile sector, which has been facing a difficult time due to a slump in sales. GST 2.0 reforms mainly include a revision in Tax rates on cars.
These new tax rates have reduced the price range of all categories of cars, like for hatchbacks, the new tax slabs translate to a Rs. 40,000 saving. Whereas for the Premium Luxury SUV, the benefit translates to an unbelievable Rs. 30 Lakhs. Industry experts are already calling these tax revisions as one of the biggest price revisions in the Indian automobile sector.
Potential car buyers will find their favourite car models pinch their pockets a little less. Since companies like Maruti Suzuki to Range Rover’s high-end SUVs, and even Hyundai automobiles, customers will see substantial savings. Here’s a brand-wise breakdown of price cuts.
Maruti Suzuki – Up to Rs 2.25 lakh off
1 Alto K10: Rs 40,000 cheaper
2 WagonR: Rs 57,000 cut
3 Swift: Rs 58,000 cheaper
4 Dzire: Rs 61,000 lower
5 Baleno: Rs 60,000 cut
6 Fronx: Rs 68,000 cheaper
7 Brezza: Rs 78,000 cut
8 Eeco: Rs 51,000 cheaper
9 Ertiga: Rs 41,000 cut
10 Celerio: Rs 50,000 cheaper
11 S-Presso: Rs 38,000 cut
12 Ignis: Rs 52,000 cheaper
13 Jimny: Rs 1.14 lakh lower
14 XL6: Rs 35,000 cut
15 Invicto: Rs 2.25 lakh cut
Tata Motors – Up to Rs 1.55 lakh off
1 Tiago: Rs 75,000 cheaper
2 Tigor: Rs 80,000 reduction
3 Altroz: Rs 1.10 lakh cut
4 Punch: Rs 85,000 lower
5 Nexon: Rs 1.55 lakh cheaper
6 Harrier: Rs 1.40 lakh cut
7 Safari: Rs 1.45 lakh cheaper
8 Curvv: Rs 65,000 reduction
Hyundai – Up to Rs 2.4 lakh off
1 Grand i10 Nios: Rs 73,808 cut
2 Aura: Rs 78,465 cheaper
3 Exter: Rs 89,209 reduction
4 i20: Rs 98,053 cut (N-Line Rs 1.08 lakh)
5 Venue: Rs 1.23 lakh cut (N-Line Rs 1.19 lakh)
6 Verna: Rs 60,640 lower
7 Creta: Rs 72,145 cut (N-Line Rs 71,762)
8 Alcazar: Rs 75,376 cheaper
9 Tucson: Rs 2.4 lakh cut
