GST Influence on cars: Switch in price of Maruti, Hyundai, Tata and Mahindra Cars – The Financial Express
GST Influence on cars: Switch in price of Maruti, Hyundai, Tata and Mahindra Cars
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 diminished prices of cars in all segments. Albeit, the price cuts vary through the different categories where cars are listed and accordingly, taxes are levied. These categories are petite petrol cars, petite 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 broad multiplicity 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. Albeit, the prices listed here are indicative, they will give you a fair idea about what you can expect in terms of the reduction.
GST Influence on Maruti Cars
Maruti Suzuki India Limited has began 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 eight hundred to executive sedans like the Maruti Ciaz, all cars in the company’s model lineup have got a price cut. Albeit, 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 Two.51 lakh to Rs Trio.76 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Alto 800: Rs Two.46 lakh to Rs Three.70 lakh, ex-showroom, Delhi
Pre-GST prices of the Maruti Suzuki Ignis: Rs Four.59 lakh to Rs 7.80 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Ignis: Rs Four.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 nine lakh, ex-showroom, Delhi
Pre-GST prices of the Maruti Suzuki Ciaz: Rs 7.73 lakh to Rs Ten.52 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Ciaz: Rs 7.45 lakh to Rs Ten.24 lakh, ex-showroom, Delhi
Korean carmaker, Hyundai Motor India has also embarked to revise the prices on their entire model range right from the Hyundai Eon to their premium SUV, the Hyundai Santa Fe. Albeit 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 presently suggested in India
Pre-GST prices of Hyundai Grand i10: Rs Four.63 lakh to Rs 7.38 lakh, ex-showroom, Delhi
Post-GST prices of Hyundai Grand i10 Rs Four.53 lakh to Rs 7.28 lakh, ex-showroom, Delhi
Pre-GST prices of Hyundai Elite i20: Rs Five.37 lakh to Rs 9.09 lakh, ex-showroom, Delhi
Post-GST prices of Hyundai Elite i20: Rs Five.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.Ten lakh to Rs 13.54 lakh, ex-showroom, Delhi
Tata Motors too is suggesting benefits to its customers after the implementation of GST, which include entry-level hatchbacks like the Tata Tiago as well as their latest suggesting in the MPV space, the Tata Hexa. Prices that have been indicated below are estimated basis on the fresh taxation structure which includes GST as well as extra cess. The GST remains at twenty eight percent but cess differs for different segments from one percent to fifteen percent.
Pre-GST prices of the Tata Tiago:Rs Trio.30 lakh to Rs Five.85 lakh, ex-showroom, Delhi
Post-GST prices of the Tata Tiago: Rs Three.22 lakh to Five.76 lakh, ex-showroom, Delhi
Pre-GST prices of the Tata Tigor: Rs Four.70 lakh to Rs 7.09 lakh, ex-showroom, Delhi
Post-GST prices of the Tata Tigor: Rs Four.59 lakh to Rs 6.98 lakh, ex-showroom, Delhi
Pre-GST prices of the Tata Safari Storme: Rs Ten.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 Ten.49 lakh to Rs 16.16 lakh, ex-showroom, Delhi
While we are speaking about popular car brands, Mahindra cannot be missed owing to their popularity in the utility vehicle range. Albeit there is one compact car, the KUV100, most of their vehicles are larger cars which have a higher benefit from the implementation of GST. Albeit 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 Four.58 lakh to Rs 6.92 lakh, ex-showroom, Delhi
Post-GSt prices of the Mahindra KUV100: Rs Four.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.Ten lakh, ex-showroom, Delhi
With the advent of ‘one country one tax’ GST seems to be a better as well as a more semitransparent taxation structure. It may seem that GST may not be beneficial instantly, 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 enlargened from approximately 30.Three percent to forty three percent.
GST Influence on cars: Switch in price of Maruti, Hyundai, Tata and Mahindra Cars – The Financial Express
GST Influence on cars: Switch in price of Maruti, Hyundai, Tata and Mahindra Cars
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 diminished prices of cars in all segments. Albeit, the price cuts vary through the different categories where cars are listed and accordingly, taxes are levied. These categories are petite petrol cars, puny 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 broad diversity 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. Albeit, the prices listed here are indicative, they will give you a fair idea about what you can expect in terms of the reduction.
GST Influence on Maruti Cars
Maruti Suzuki India Limited has began 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 eight hundred to executive sedans like the Maruti Ciaz, all cars in the company’s model lineup have got a price cut. Albeit, 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 Two.51 lakh to Rs Three.76 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Alto 800: Rs Two.46 lakh to Rs Three.70 lakh, ex-showroom, Delhi
Pre-GST prices of the Maruti Suzuki Ignis: Rs Four.59 lakh to Rs 7.80 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Ignis: Rs Four.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 nine lakh, ex-showroom, Delhi
Pre-GST prices of the Maruti Suzuki Ciaz: Rs 7.73 lakh to Rs Ten.52 lakh, ex-showroom, Delhi
Post-GST prices of the Maruti Suzuki Ciaz: Rs 7.45 lakh to Rs Ten.24 lakh, ex-showroom, Delhi
Korean carmaker, Hyundai Motor India has also commenced to revise the prices on their entire model range right from the Hyundai Eon to their premium SUV, the Hyundai Santa Fe. Albeit 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 presently suggested in India
Pre-GST prices of Hyundai Grand i10: Rs Four.63 lakh to Rs 7.38 lakh, ex-showroom, Delhi
Post-GST prices of Hyundai Grand i10 Rs Four.53 lakh to Rs 7.28 lakh, ex-showroom, Delhi
Pre-GST prices of Hyundai Elite i20: Rs Five.37 lakh to Rs 9.09 lakh, ex-showroom, Delhi
Post-GST prices of Hyundai Elite i20: Rs Five.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.Ten lakh to Rs 13.54 lakh, ex-showroom, Delhi
Tata Motors too is suggesting benefits to its customers after the implementation of GST, which include entry-level hatchbacks like the Tata Tiago as well as their latest suggesting in the MPV space, the Tata Hexa. Prices that have been indicated below are estimated basis on the fresh taxation structure which includes GST as well as extra cess. The GST remains at twenty eight percent but cess differs for different segments from one percent to fifteen percent.
Pre-GST prices of the Tata Tiago:Rs Three.30 lakh to Rs Five.85 lakh, ex-showroom, Delhi
Post-GST prices of the Tata Tiago: Rs Three.22 lakh to Five.76 lakh, ex-showroom, Delhi
Pre-GST prices of the Tata Tigor: Rs Four.70 lakh to Rs 7.09 lakh, ex-showroom, Delhi
Post-GST prices of the Tata Tigor: Rs Four.59 lakh to Rs 6.98 lakh, ex-showroom, Delhi
Pre-GST prices of the Tata Safari Storme: Rs Ten.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 Ten.49 lakh to Rs 16.16 lakh, ex-showroom, Delhi
While we are speaking about popular car brands, Mahindra cannot be missed owing to their popularity in the utility vehicle range. Albeit there is one compact car, the KUV100, most of their vehicles are larger cars which have a higher benefit from the implementation of GST. Albeit 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 Four.58 lakh to Rs 6.92 lakh, ex-showroom, Delhi
Post-GSt prices of the Mahindra KUV100: Rs Four.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.Ten lakh, ex-showroom, Delhi
With the advent of ‘one country one tax’ GST seems to be a better as well as a more semitransparent taxation structure. It may seem that GST may not be beneficial instantly, 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 enlargened from approximately 30.Trio percent to forty three percent.