Maruti Suzuki, Tata Motors, Toyota, Mahindra slash car prices after GST
- Several car makers have slashed prices of their vehicles after GST implementation
- Only prices of hybrid cars have gone up due to withdrawal of tax concessions on mild hybrid vehicles under the GST
- Here is a list of the price cut for cars and bikes in India after implementation of GST
Almost all Maruti cars are set to have a lower price tag. In a statement the company has said, "Maruti Suzuki India Limited has passed on the entire benefit of GST rates on vehicles to its customers. The ex-showroom prices of Maruti Suzuki models have come down by upto 3%. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST."
The GST benefits rate varies across the country due to state and local taxes and segment differences. The GST impact on small cars under 4 metres in length with petrol engines under 1.2 litre displacement means they will be cheaper by 2.5 per cent. Similar length cars with diesel engines below 1.5 litre displacements will see a 2.25 per cent drop. While those larger than the capped engine capacity, yet under 4 metres will be cheaper by 1.7 per cent.
The Alto is now cheaper by up to Rs 5,400,
WagonR by Rs 8,300
Swift by up to Rs 10,700
Baleno gets a price cut in the range of Rs 6,600 and Rs 13,100
The all-new Dzire is cheaper by up to Rs 15,100.
SUV Vitara Brezza ranging between Rs 10,400 and Rs 14,700
S-Cross price cut between Rs 17,700 and Rs 21,300.
Toyota is also offering price cuts.
Innova Crysta gets a price cut of up to Rs 98,500
Fortuner gets a price cut of upto Rs 2.17 lakh
Etios is now cheaper by up to Rs 24,500
Etios Liva up to Rs 10,500.
Here’s a comprehensive list:Infographic credit
Luxury carmakers like Audi, BMW and Tata Motors-owned Jaguar too have announced price cuts on some or all of their cars.