Mahindra is offering a price advantage on its XUV700, making now an excellent time to consider a purchase. The company is directly transferring the advantages of the GST rate reductions to its customers. These lower prices are available before the new GST rates take effect on September 22. Significant savings, reaching up to Rs 1.43 lakh on certain trims, are now available.
The GST rate for large SUVs has been reduced from 48% to 40%. This impacts vehicles exceeding 4 meters in length with an engine capacity above 1,500 cc. Previously, these vehicles were subject to a combined tax of 48% (28% GST and a 20% cess). The new regulations have streamlined this to a straightforward 40% tax. Customers should consult their local Mahindra dealerships to find out the specific savings applicable to various XUV700 variants.