Automobile manufacturers have welcomed the Goods and Services Tax (GST) and many are passing on the benefits of reduced tax to consumers by reducing the price of their car models. Earlier, the tax incidence on cars ranged between 28 per cent and 45 per cent. After the implementation of GST in the country on July 1, the tax has been reduced to a maximum of 43 per cent.
Most of the automobile manufacturers have already started passing on the GST benefit to consumers. Here is a list of cars that you can purchase at a reduced price tag:
The entry-level hatchback model sees price reduction in the range of Rs 2,300 to Rs 5,400
The top -selling hatchback sees price reduction in the range of Rs 5,300 to Rs 8,300.
The powerful hatchback sees price reduction in the range of Rs 6,700 to Rs 10,700.
The newly launched Baleno also sees the price reduction in the range of Rs 6,600 to Rs 13,100.
The sedan version of Swift sees price reduction in the range of Rs 8,100 to Rs 15,100.
The price of MUV sees price reduction of Rs 21,800.
The price of the premium sedan is reduced by up to Rs 23,400.
The latest sub 4-meter SUV becomes cheaper by Rs 10,400 to Rs 14,700.
The price of the premium SUV has been reduced by up to Rs 2,17,000.
The premium MUV sees reduction in price by up to Rs 98,500
The price of premium sedan has been reduced by up to Rs 92,500.
The sedan version of Etios becomes cheaper by Rs 24,500.
The hatchback version of Etios becomes cheaper by up to Rs 10,500.
The hatchback sees price cut of up to Rs 12,279.
The compact sedan sees price reduction of up to Rs 14,825.
The recently launched WR-V also gets price reduction by up to Rs 10,064.
The mid-sized sedan has seen a reduction in the range of Rs 16,510 and Rs 28,005.
The BR-V prices will come down by up to Rs 30,387.
The premium SUV has also seen a price drop of up to Rs 1,31,663.
The company's flagship SUV becoming cheaper by up to Rs 3 lakh.
The price of hatchback sees price reduction of Rs 28,000.
The compact SUV sees price cut of up to Rs 8,000.
With inputs from PTI