GST Impact on cars: Change in price of Maruti, Hyundai, Tata and Mahindra Cars

After a long wait, the Goods and Services Tax or GST has been implemented and while a number of carmakers have already started to pass the benefits to buyers. we list the most popular cars from major automobile manufacturers that would witness an increase or decrease in prices

By: | Updated: July 2, 2017 7:35 PM

The Goods and Services Tax or GST has been in the news since its implementation was finalized for 1st July this year. A policy of 'one country, one tax' will affect most industries which have various and a number of taxation structures. The Indian automotive industry had its expectations in the positive side of things where prices of cars would reduce. After the tax structure was announced, it has reduced prices of cars in all segments. Although, the price cuts vary through the different categories where cars are listed and accordingly, taxes are levied. These categories are small petrol cars, small diesel cars, cars above four metres in length but engine capacity less than 1,500 cc, cars above four metre in length and engine capacity more than 1,500 cc, SUVs and hybrid vehicles. And while there are various manufacturers selling a wide variety of products in different segments such as hatchbacks, compact sedans, compact SUVs and more. The list of price revision is for the entire car industry, however, we have jotted down some of the popular models by mass market car manufacturers. Although, the prices listed here are indicative, they will give you a fair idea about what you can expect in terms of the reduction.

GST Impact on Maruti Cars

Maruti Suzuki India Limited has started to pass on the benefits that customers can now avail from GST which has been implemented from today. Right from entry-level models such as the Alto 800 to executive sedans like the Maruti Ciaz, all cars in the company's model lineup have got a price cut. Although, the actual figures may vary from one location to the other, here is the list of select models and the price reduction on them.

Pre-GST prices of the Maruti Suzuki Alto 800: Rs 2.51 lakh to Rs 3.76 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Alto 800: Rs 2.46 lakh to Rs 3.70 lakh, ex-showroom, Delhi

Pre-GST prices of the Maruti Suzuki Ignis: Rs 4.59 lakh to Rs 7.80 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Ignis: Rs 4.50 lakh to Rs 7.70 lakh, ex-showroom, Delhi

Pre-GST prices of the Maruti Suzuki Vitara Brezza: Rs 7.26 lakh to Rs 9.66 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Vitara Brezza: Rs 7.22 lakh to Rs 9 lakh, ex-showroom, Delhi

Pre-GST prices of the Maruti Suzuki Ciaz: Rs 7.73 lakh to Rs 10.52 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Ciaz: Rs 7.45 lakh to Rs 10.24 lakh, ex-showroom, Delhi

GST Impact on Hyundai Cars

Korean carmaker, Hyundai Motor India has also started to revise the prices on their entire model range right from the Hyundai Eon to their premium SUV, the Hyundai Santa Fe. Although there will be a slight variation of prices from one dealer to the other, here are the prices of some popular models in Hyundai's lineup currently offered in India

Pre-GST prices of Hyundai Grand i10: Rs 4.63 lakh to Rs 7.38 lakh, ex-showroom, Delhi
Post-GST prices of Hyundai Grand i10 Rs 4.53 lakh to Rs 7.28 lakh, ex-showroom, Delhi

Pre-GST prices of Hyundai Elite i20: Rs 5.37 lakh to Rs 9.09 lakh, ex-showroom, Delhi
Post-GST prices of Hyundai Elite i20: Rs 5.24 lakh to Rs 8.96 lakh, ex-showroom, Delhi

Pre-GST prices of Hyundai Verna: Rs 7.96 lakh to Rs 13.17 lakh, ex-showroom, Delhi
Post-GST prices of Hyundai Verna: Rs 7.68 lakh to Rs 12.89 lakh, ex-showroom, Delhi

pre-GST prices of Hyundai Creta: Rs 9.29 lakh to Rs 14.64 lakh, ex-showroom, Delhi
post-GST prices of Hyundai Creta: Rs 8.10 lakh to Rs 13.54 lakh, ex-showroom, Delhi

GST Impact on Tata cars

Tata Motors too is offering benefits to its customers after the implementation of GST, which include entry-level hatchbacks like the Tata Tiago as well as their recent offering in the MPV space, the Tata Hexa. Prices that have been indicated below are estimated basis on the new taxation structure which includes GST as well as additional cess. The GST remains at 28 percent but cess differs for different segments from one percent to 15 percent.

Pre-GST prices of the Tata Tiago:Rs 3.30 lakh to Rs 5.85 lakh, ex-showroom, Delhi
Post-GST prices of the Tata Tiago: Rs 3.22 lakh to 5.76 lakh, ex-showroom, Delhi

Pre-GST prices of the Tata Tigor: Rs 4.70 lakh to Rs 7.09 lakh, ex-showroom, Delhi
Post-GST prices of the Tata Tigor: Rs 4.59 lakh to Rs 6.98 lakh, ex-showroom, Delhi

Pre-GST prices of the Tata Safari Storme: Rs 10.64 lakh to Rs 15.63 lakh, ex-showroom, Delhi
Post-GST prices of the Tata Safari Storme: Rs 9.83 lakh to Rs 14.81 lakh, ex-showroom, Delhi

Pre-GST prices of the Tata Hexa: Rs 11.99 lakh to Rs 17.66 lakh, ex-showroom, Delhi
Post-GST price of the Tata Hexa: Rs 10.49 lakh to Rs 16.16 lakh, ex-showroom, Delhi

GST Impact on Mahindra cars

While we are speaking about popular car brands, Mahindra cannot be missed owing to their popularity in the utility vehicle range. Although there is one compact car, the KUV100, most of their vehicles are larger cars which have a higher benefit from the implementation of GST. Although the prices are indicative and may have a slight variation, following are the estimated drop in prices across popular Mahindra car models

Pre-GST prices of the Mahindra KUV100: Rs 4.58 lakh to Rs 6.92 lakh, ex-showroom, Delhi
Post-GSt prices of the Mahindra KUV100: Rs 4.48 lakh to Rs 6.80 lakh, ex-showroom, Delhi

Pre- GST prices of the Mahindra Thar: Rs 6.27 lakh to Rs 8.99 lakh, ex-showroom, Delhi
Post-GST prices of the Mahindra Thar: Rs 6.15 lakh to Rs 8.84 lakh, ex-showroom, Delhi

Pre-GST prices of the Mahindra Scorpio: Rs 9.40 lakh to Rs 14.60 lakh, ex-showroom, Delhi
Post-GST prices of the Mahindra Scorpio: Rs 8.90 lakh to Rs 14.10 lakh, ex-showroom, Delhi

With the advent of 'one country one tax' GST seems to be a better as well as a more transparent taxation structure. It may seem that GST may not be beneficial immediately, it is expected to work in favour for the consumer as well as manufacturers. The only segment which has taken a hit is the hybrid vehicles on which taxes have increased from approximately 30.3 percent to 43 percent.

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