Trickle down benefits
Maruti Suzuki, Toyota Kirloskar JLR and BMW has reduced the prices in the range of Rs 2,300 to over Rs 2 lakh of different models to pass on to consumers the benefit of lower tax incidence under the GST regime.
Here is a list of cars which have been made affordable by GST:
Maruti Suzuki models
Maruti Suzuki India has slashed prices of most of its models by up to 3 per cent with immediate effect except for diesel versions of sedan Ciaz and MPV Ertiga.
It has cut the price of Alto in the range of Rs 2,300 to Rs 5,400, WagonR Rs 5,300-Rs 8,300 and that of Swift between Rs 6,700 and Rs 10,700.
It has also reduced the price of Baleno in the range of Rs 6,600 and Rs 13,100. The company has also reduced the price of Dzire, ranging between Rs 8,100 and Rs 15,100.
Price of Ertiga petrol has been cut by up to Rs 21,800 while that of petrol powered Ciaz by up to Rs 23,400.
The company has reduced price of compact SUV Vitara Brezza ranging between Rs 10,400 and Rs 14,700, while that of S-cross has been cut in the range of Rs 17,700 and Rs 21,300.
Toyota models
The company said it has reduced prices of all new Fortuner by up to Rs 2.17 lakh, Innova Crysta by up to Rs 98,500 and Corolla Altis by up to Rs 92,500.
It has also lowered the prices of Platinum Etios by Rs 24,500 and that of Etios Liva by up to Rs 10,500.
The company, however, has hiked the prices of hybrid variants Toyota Camry and Toyota Prius by over Rs 3.5 lakh in Bengaluru and up to Rs 5.24 lakhs in Delhi as per applicable tax under GST.
BMW
BMW has also cut prices of its models, ranging from Rs 70,000 on base end version of X1 to Rs 1.8 lakh on the top end of its sedan 7 series.
However, the company’s hybrid model i8 will witness a hike of Rs 4.8 lakh to Rs 2.28 crore
Tata Motors
Tata Motors-owned Jaguar Land Rover has reduced prices of its entire vehicle range in India on an average by 7 per cent to pass on the benefit of reduced tax under GST.
The new prices with immediate effect from any of its 25 retail outlets across India.
Mercedes-Benz
Mercedes-Benz and Audi had announced passing on the GST benefit to customers.
Under the GST, large luxury cars and SUVs with engine capacity of over 1,500 cc are slated to attract a 15 per cent cess over and above peak rate of 28 per cent, thereby bringing down the overall tax incidence compared to around 50 per cent under the previous taxation system.