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GST benefit: Ford India slashes car prices by 4.5%

In Delhi, the price of Figo has been cut by Rs 2,000, that of compact SUV Ecosport by up to Rs 8,000

Press Trust of India  |  New Delhi 

GST benefit: Ford India slashes car prices by 4.5%

In a bid to pass on the Goods and Services tax (GST) benefit to customers, India has reduced the vehicle prices by up to 4.5 per cent with immediate effect.

While the reduction in prices will vary from state to state, the highest cut will be in Mumbai with the company's flagship Endeavour becoming cheaper by up to Rs 3 lakh.

"We will pass on the benefits in the range of up to 4.5 per cent across the range," a India spokesperson told PTI.

In Delhi, the of hatchback has been cut by Rs 2,000, that of compact by up to Rs 8,000. The of premium Endeavour has been reduced by up to Rs 1.5 lakh.

In Mumbai, the prices will go down in the range of Rs 28,000 on to Rs 3 lakh on Endeavour.

The company sells a range of vehicles starting from hatchback to premium Endeavour, that were priced between Rs 4.75 lakh to Rs 31.5 lakh (ex-showroom).

The company, however, did not share details about the revised pricing of its iconic sports car Mustang.

Already, various automakers such as Maruti Suzuki, Toyota, Jaguar Land Rover and BMW have reduced prices to transmit the relief down the line.