Mahindra SUV and Renault car prices after GST 2.0: Automakers offer up to Rs 156 crore – see price list for models

Car prices after GST 2.0: Mahindra SUV customers can now save Rs 1.01 lakh to Rs 1.56 lakh, reducing GST. The company confirmed that buyers will not have to wait until September 22 to benefit from the revised interest rate.

Those who complete the bill before this date will still receive savings connected to the GST until the updated price is officially reflected.

GST 2.0: Mahindra SUV Price Earnings | Full List

Price cuts can translate into a lot of savings in Mahindra’s popular model:

• Bolero / Bolero Neo – Save up to Rs 1.27 crore
• XUV3XO (Petrol) – Save up to Rs 1.4 lakh
• XUV3XO (Diesel) – Save up to Rs 1.56 lakh
• Thar 2WD (Diesel) – Save up to Rs 1.35 lakh
• THAR 4WD (Diesel) – Save up to Rs 101 crore
• Scorpio Classic – Save up to Rs 1.01 lakh
• Scorpio – Save up to Rs 1.45 lakh
• Thar Roxx – Save up to Rs 1.33 lakh
• XUV700 – Save up to Rs 1.43 lakh

Renault passes full GST benefits

After Mahindra, Renault India also announced a price reduction in its lineup. The French automaker’s three models (KWID, Triber and Kiger) cost up to Rs 96,395.

With this revision, KWID now starts at Rs 4,29,900 (former showroom), while the new Triber and Kiger both start at Rs 5,76,300 (former showroom). The new rate applies to all delivery on or after September 22, although bookings at updated prices are open immediately.

“The benefits of delivering full GST 2.0 are a reflection of our firm commitment to our customers. We believe that this timely program will not only make our cars more accessible, but also the demand during the holidays will also energize.”

Please read also: Tata Motors discount list after GST 2.0: Automatic giant offers Rs 1.55 lakh discount for this car; see details

Tata Motors also lowered its price

Tata Motors also confirmed that it will deliver GST 2.0 revenue starting September 22. Under the revised structure, Tiago’s price will see up to Rs 75,000, while Nexon will be as cheap as Rs 1,55,000.

GST 2.0: What has changed in the automotive industry?

The GST committee announced its major changes to GST 2.0 at its 56th meeting since the launch of indirect taxes in 2017, reducing the widespread auto tax rate by 10 percentage points to 18%.

Please read also: GST cuts cars: M&M, Maruti, Tamo, Hero, other major winners, the Council reduces tax rates to 18%

Key changes include:

• Gasoline, gasoline hybrid, LPG and CNG cars are under 1200 cc and are under 18% in length (less than 28%)
• Diesel and diesel hybrid vehicles are under 1500 cc and are under 18% in length (less than 28%)
• The tax rate for three-wheeled motorcycles is 18% (less than 28%)
• Tax for motorcycles up to 350 cc (less than 28%)
• Extract 18% of trucks (less than 28%)

Smaller vehicles (such as hatchbacks, compact sedans and compact SUVs) fall into 18% of flat panels, while mid-size, large and luxury models attract 40% of speed. Previously, ice trucks had a tax rate of 28%, plus a compensation of 1% to 22%.

For electric vehicles, GST remains the same at 5%, while the estimate for hydrogen fuel cell vehicles (FCEV) has dropped from 12% to 5%.

What’s next?

With Mahindra, Renault and Tata Motors already announced revised prices, other automotive professionals, including Maruti Suzuki and M&M, are expected to follow before the new GST price goes into effect on September 22.