The Indian auto market is undergoing a significant shift as GST 2.0 is introduced, resulting in lower prices for both cars and motorcycles. These price adjustments directly reflect the savings from the reduced tax rates, benefiting buyers. The extent of the price cuts is considerable, ranging from approximately Rs 40,000 on entry-level hatchbacks to as much as Rs 30 lakh on luxury SUVs, presenting a substantial alteration in the automotive industry’s pricing strategies.
Buyers can find lower prices on a variety of models, spanning from affordable options from Maruti Suzuki to premium offerings from Range Rover, including popular motorcycles such as the Honda Activa and Shine. Below is a brand-by-brand look at the price cuts.
Cars Getting Cheaper:
[Table of price reductions for various car models from Mahindra, Tata Motors, Toyota, Range Rover, Kia, Skoda, Hyundai, Renault, Maruti Suzuki, Nissan, and Honda.]
Motorcycles with Reduced Prices:
Honda Two-Wheelers – Up to Rs 18,887 off (under 350cc)
[Table of price reductions for various bike models from Honda.]