Mahindra Car’s Revised Prices After New GST Prices

Mahindra Car Prices: Ahead of the holiday season, the market is feeling more optimistic thanks to the GST reform, which was announced by the GST Council this week and is one of the largest tax revisions since 2017. It is anticipated that the government’s decision to lower the tax slabs to 5% and 18% will lessen the impact that US President Donald Trump’s high tariffs would have on the Indian economy. To pass on the GST benefits to customers, some automakers rushed to lower the pricing of passenger cars after the announcement. Among the automakers that announced price reductions were Tata Motors, Mahindra, and Renault.

Mahindra Cars Revised Prices:

Beginning on September 6, Mahindra & Mahindra Ltd. also announced price reductions of up to ₹1.6 lakh on their vehicles. The XUV3XO saw the largest price reduction, going down to ₹1.56 lakh, while the THAR 4WD (Diesel) saw the lowest, down to ₹1.01 lakh. Following the GST change, Renault India also announced price reductions, bringing down the cost of their vehicles by as much as 96,395. The most expensive Kwid version will drop by ₹54,995, Triber by ₹80,195, and Kiger by up to ₹96,395.

Tata Motors Revised Prices:

To give customers the advantage of the GST decrease, Tata Motors stated on Friday that it would lower the price of passenger cars by up to ₹1.45 lakh. Tiago and Tigor saw the lowest price cuts, at ₹74,000 and 80,000, respectively, while Harrier and Safari saw the most, at ₹1,40,000 and ₹1,45,000, respectively.

Also Read: Hyundai Announces Revised Car Prices After GST Update

Maruti Suzuki Revised Prices:

According to media reports, RC Bhargava, chairman of Maruti Suzuki, has proposed a ₹40,000–50,000 price cut for Maruti’s Alto and a ₹60,000–₹67,000 price cut for the Wagon R. Officials from the company are figuring out the specifics, he added. Bhargava added that the automobile industry would benefit from a 10% rise in compact car sales this fiscal year as a result of the GST cut. Earlier this week, the GST Council decided to lower the passenger vehicle tax from 28% to 18%, with effect from September 22.

Sales of small automobiles, which had been declining, are now expected to increase by 10% this year as a result of the significant GST drop. Even the tax on larger vehicles, which previously paid up to 50% GST + cess, is now limited to 40%. Consequently, we anticipate a 6–8% growth in the overall passenger car market,” he told the media.