 "Shailesh Chandra, MD, Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility")
Automobile firms have started passing on the benefits of the GST rate rationalisation to customers to boost festive buying. Tata Motors announced it will pass on the entire benefit to the buyer, resulting in price reductions of up to ₹1.55 lakh.
Mahindra and Mahindra, too, said it is passing on the entire benefit to buyers.
This comes a day after Maruti Suzuki India Chairman RC Bhargava said the Alto maker would be passing on the benefits to customers. Bhargava had said that small cars could get cheaper by 8.5-9 per cent as a result of GST slab reduction to 18
