GST 2.0 impact: As car prices goes down, here are best options from Tata, Maruti and Hyundai under Rs 10 lakh

With GST 2.0 in effect, the Indian automotive sector is witnessing an unprecedented interest in compact and affordable cars in the mass-market segment. With the effective tax rate on small cars and sub-4 metre vehicles drastically reduced from approximately 29-31 per cent to a flat 18 per cent, major automakers have already passed on the benefits to customers. This translates to cheaper cars and compact SUVs, especially under Rs 10 lakhs. 

With the festive season looming on the horizon, Auto manufacturers like Maruti Suzuki, Tata Motors, and Hyundai have announced significant price reductions alongside the GST 2.0 revisions, with discounts ranging from Rs 40,000 to over Rs 1.5 lakh on popular models. Mass market models like the Maruti Suzuki Swift and Tata Punch are now offering incredible deals, combined with festive season offers, to find more new households across the country. 

Hence, if you are looking to bring a new car that costs less than Rs 10 lakh and need help with highlighting the best options, dive into our list of some great options from Maruti Suzuki, Hyundai and Tata Motors. 

1. Cars from Tata Motors

Tata Motors has been aggressive in passing on the GST cuts. Some models, like the Altroz premium hatchback, are seeing savings of up to Rs 1.55 lakh.

Tata Punch

The Tata Punch has already been a market leader in the micro-SUV segment and with GST price cuts coupled with festive discounts, it is now even more value-for-money with discounts of up to Rs 1.85 lakh (GST price cut of Rs 1.08 lakh and additional benefits worth Rs 50,000). The Punch’s robust build and high ground clearance, along with a rich choice of modern tech features, make it a top consideration. The Tata Punch now starts from Rs 5.5 lakhs ex-showroom.

Tata Nexon

A five-star crash safety rating and multiple powertrain options (Petrol, Diesel and CNG) make the Tata Nexon a compelling choice as a compact SUV under Rs 10 lakh. The GST revision brings the price down by up to Rs 1.55 lakh on the lower and mid-range variants. Coupled with the additional festive benefits of up to Rs 45,000, you could enjoy savings of up to Rs 2 lakh.  The Tata Nexon starts from Rs 7.31 lakhs ex-showroom 

Tata Altroz

The Altroz recently received a major facelift  and saw its appeal multiply among premium hatchback buyers. The GST revisions on the Altroz reduce the price to Rs 1.11 lakh, and with additional benefits of up to Rs 50,000, the savings figure goes up to Rs 1.58 lakh. The Altroz is known for its strong build quality and spacious cabin, along with its highly versatile powertrain options. The Tata Altroz starts from Rs 6.3 lakhs.

2. Cars from Maruti Suzuki: 

India’s largest automaker, Maruti Suzuki, has announced price cuts of up to Rs 1.29 lakh across its sub-4 metre lineup, directly aiming at boosting volume sales.

Maruti Suzuki Swift

The Swift hatchback is now cheaper by up to Rs 84,600. The Swift now starts at Rs 5.79 lakhs ex-showroom and continues to impress with a reliable engine, excellent fuel efficiency, comfortable ride and low maintenance costs, thereby making it a great urban commuter.

Maruti Suzuki Baleno

The Baleno premium hatchback has become more affordable by up to Rs 86,100. The Baleno’s spacious cabin and feature-rich interiors, along with Maruti’s trusted after-sales service, make it a great pick for compact car buyers. The Baleno starts at Rs 5.99 lakhs ex-showroom.

Maruti Suzuki Brezza 

The compact SUV is now more accessible to a wider audience with price cuts reaching up to Rs 1.12 lakh. The lower-end LXi and VXi variants are the best picks for the sub-Rs 10 lakh budget, offering an SUV stance and Maruti’s legendary engine efficiency. The Brezza starts at Rs 8.26 lakhs ex-showroom.

Maruti Suzuki Fronx

The Fronx, which is based on the Baleno platform, has also seen price cuts of up to 1.11 lakh. Hence, prices for the Fronx now start at Rs 6.85 lakh ex-showroom. The Fronx offers a reliable and peppy 1.2-litre 4-cylinder petrol engine, spacious cabin and an imposing front facia. 

3. Cars from Hyundai Motor India

Hyundai has leveraged the GST 2.0 benefits to make its affordable models more budget-friendly, with savings announced across its entire portfolio.

Hyundai Exter

The Exter micro-SUV’s proposition has been enhanced with reductions of up to Rs 32,000 on its entry and mid-level trims, thus making it ideal for a compact car under Rs 10 lakh. The Exter, with its spacious cabin and a long list of features, now starts at Rs 5.48 lakhs ex-showroom.

Hyundai i20

The i20 premium hatchback offers one of the most sophisticated cabin experiences in its class and offers a host of features. Price cuts of up to Rs 66,000 reduce its starting price to as low as Rs 7.12 lakhs ex-showroom. 

Hyundai Venue (Petrol)

The Hyundai Venue is one of the most stylish and nice-to-drive compact SUVs under Rs 10 lakhs. The compact SUV, a strong rival to the Nexon and Brezza, is more affordable by up to Rs 67,700 for the popular petrol manual variants, thus bringing the starting price down to Rs 7.26 lakhs ex-showroom.