Saturday, 22 July, 2017

Isuzu MU-X, D-Max V-Cross become cheaper post GST

ISUZU reduces car prices by up to 12% post GST – Here is the full price list GST Price Impact: Hyundai Reduces Car Prices By 5.9 per cent
Elaine Woods | 08 July, 2017, 00:43

The rollout of the new pan-India tax regime, Goods and Services Tax (GST), has in the recent past driven automakers in the country to cut back on the prices of their entire range of models barring hybrid cars.

"We are offering a price reduction in commercial vehicles (cargo) in the range of 0.3 % to 4.21 % and in commercial vehicles (passenger transportation) in the range of 0.6 % to 8.2 %", Tata Motors Head of Commercial Vehicle Business unit Girish Wagh said.

Automakers Nissan, Skoda and Isuzu Motors on Thursday announced a reduction in the prices of passenger vehicles in India by up to Rs 2.4 lakh to pass on the GST benefit to customers.

"Reflecting our customer-first approach, we have chose to pass on GST benefits to our customers, further enhancing the value proposition of our products", Renault India Operations Country CEO and Managing Director Sumit Sawhney said.

Skoda, Nissa, Tata Motors, Maruti Suzuki and a host of luxury auto makers have already passed on the benefits of reduction of vehicle prices to its customers and Hyundai now joins that bandwagon.

On its part, Hyundai Motor India announced that it has passed on the GST benefit on vehicles to its customers.

On Wednesday, Mahindra & Mahindra (M&M) and Renault India said that they have reduced prices due to GST roll-out.

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South Korean carmaker Hyundai has chose to reduce the prices of its models in the country by up to 5.9 percent.

The recently launched MU-X SUV, now starts at Rs. 22.47 lakh (ex-showroom Delhi), as opposed to previous 23.99 lakh launch price - for the 4×2 variant.

The price of the ISUZU DMAX V-Cross, an adventure utility vehicle has been revised to Rs.12,67,111, a reduction of 6% over the pre-GST Ex-showroom price in Chennai.

Bajaj Auto's Austrian arm KTM has reduced the prices of bikes by up to Rs 8,600.

The company said the rate of reduction varies across locations depending on the Value-Added Tax rates applicable prior to GST. This price decrease is applicable to both passenger and commercial vehicles.

"We are confident that the post-GST price reduction will enable the customers to bring down their cost of operations and in turn, boost demand".

Even two-wheeler makers like TVS Motor Company, Honda Motorcycle & Scooter India, Hero MotoCorp, Bajaj Auto, Royal Enfield, Yamaha and Suzuki Motorcycle have cut prices.

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