Here’s the full list of slashed prices of cars and bikes after GST rollout
Most automakers chose to pass on the benefit of lower taxes to their customers, reducing the ex-showroom prices of the cars, which will now be at parity in the unified market.autos Updated: Jul 06, 2017 14:56 IST
Automobiles, apart from hybrid cars and a super sports bikes, have become cheaper after the Goods and Services Tax kicked in.
Most automakers chose to pass on the benefit of lower taxes to their customers, reducing the ex-showroom prices of the cars that will now be at parity in the unified market.
Here are the biggest changes in the prices of cars and bikes:
India’s largest automaker Maruti Suzuki cut its car prices by up to 3%, which translates into a discount of Rs 2,300 in the base model Alto to Rs 23,400 in the Ciaz petrol variant.
|Model||Pre-GST in Rs lakh||Post-GST in Rs lakh||Difference|
|Alto 800 and K10||2.49 - 4.19||2.47 - 4.13||Rs 2300 - Rs 5400|
|WagonR||4.16 - 5.41||4.11 - 5.33||Rs 5300 - Rs 8300|
|Swift||4.87 - 7.58||4.81 - 7.47||Rs 6700 - Rs 10700|
|Baleno||5.33 - 8.56||5.26 - 8.43||Rs 6600 - Rs 13100|
|Dzire||5.53 - 9.56||5.45 - 9.41||Rs 8100 - Rs 15100|
|Ertiga (Petrol)||6.44 - 8.98||6.22 - 8.76||Rs 21800|
|Vitara Brezza||7.16 - 9.84||7.26 - 9.70||Rs 10400 - Rs 14700|
|SCross||8.12 - 11.88||7.94 - 11.67||Rs 17700 - Rs 21300|
|Ciaz (Petrol)||7.89 - 10.65||7.66 - 10.42||Rs 23400|
Toyota Kirloskar Motors
Toyota Kirloskar Motors suffered a heavy blow in June sales, since both its bread-and-butter models -- the Fortuner SUV and Innova Crysta -- were set to become cheaper in July. The result: Customers delayed their purchase and TKM posted 86% drop in domestic sales, though the company also cautiously cut its production and dispatches to the dealers.
But as the GST kicked in, the company offered discounts in the range of Rs 10,500 to Rs 2.17 lakh
|Model||Post-GST prices in Rs lakh||Price cut|
|Etios Liva||5.40 - 7.64||Rs 26,000|
|Platinum Etios||6.89 - 8.87||Rs 24,500|
|Corolla Altis||15.88 - 19.92||Rs 92,500|
|Innova Crysta||14.2 - 22.16||Rs 98,500|
|Fortuner||26.66 - 31.86||Rs 2.17 lakh|
Honda Cars India Ltd
Honda Cars India Ltd too reduced its car prices in the range of Rs 12,000 for the base model of Brio hatchback up to Rs 1.31 lakh for the top end CR-V variant.
|Model||Post-GST prices in Rs lakh||Price cut up to|
|Brio||4.67 - 6.75||Rs 12,279|
|Amaze||5.50 - 8.41||Rs 14,825|
|Jazz||5.89 - 9.19||Rs 10,031|
|WR-V||7.66 - 9.91||Rs 10,064|
|City||8.46 - 13.44||Rs 16,510 - Rs 28,005|
|BR-V||8.93 - 13.04||Rs 30,387|
|CR-V||21.54 - 25.47||Rs 1,31,663|
Ford Motor Company
Vehicles of Ford India too have became cheaper by up to 4.5%, with the flagship SUV Endeavour now less expensive by up to Rs 3 lakh.
|Model||Post-GST price in Rs lakh||Discount|
|Figo||4.82 - 7.71||Rs 2,000|
|Figo Aspire||5.61 - 8.70||Rs 5,000|
|EcoSport||7.11 - 10.69||Rs 8,000|
|Endeavour||25.49 - 31.5||Rs 1.5 lakh - 3 lakh|
French carmaker Renault India too made its cars -- hatchback KWID, compact SUV Duster and MPV Lodgy -- cheaper in the range of Rs 5,200 to Rs 1.04 lakh.
|Model||Price post-GST in Rs lakh||Discount|
|KWID base version to Climber AMT||2.99 - 4.64||Rs 5,200 - Rs 29,500|
|Duster up to RXZ AWD||9.35 - 14.8||Rs 30,400 - Rs 1,04,700|
|Lodgy Stepway RXZ||7.88 - 13.32||Rs 25,700 - Rs 88,600|
Mahindra & Mahindra SUVs have also become more affordable in the post-GST era, with average prices coming down by up to 6.9%.
Tata Motors too discounted its car prices by Rs 3,300 to Rs 2.17 lakh, applicable on Tata’s entire range. The largest automaker by revenue in India sells a line up hatchbacks, compact sedans, SUVs and crossovers. Its entry-level hatch Tata Nano, priced between Rs 2.26 lakh to Rs 3.20 lakh, to the flagship crossover Tata Hexa, price between Rs 10.96 lakh to Rs 16.94 lakh.
Luxury carmaker BMW was the first and the fastest to offer the pre-GST discount on its set of wheels. The discounts company continued to offer the discounts post-July and even revealed the post-GST prices of its BMW 5 Series model launched on June 29.
|Model||Pre-GST prices in Rs lakh||Post-GST prices in Rs lakh||Difference|
|BMW 1 Series||31.00||30.30||Rs 70,000|
|BMW 3 Series||37.50 - 45.90||36.30 - 43.40||Rs 1.2 lakh - 2.5 lakh|
|BMW 5 Series||54.80 - 62.00||49.90 - 61.30||up to Rs 4.9 lakh|
|BMW 7 Series||116.00 - 227.00||112.10 - 228.80||up to Rs 3.9 lakh|
|BMW X1||31.85 - 41.99||31.20 - 41.10||up to Rs 89,000|
|BMW X3||48.85 - 54.90||47.20 - 53.10||up to Rs 1.80 lakh|
|BMW X5||67.90 - 79.90||70.10 - 75.30||up to Rs 4.60 lakh|
|BMW Z4||77.50 - 78.50||78.50 - 79.50||up to Rs 1 lakh|
|BMW M Series||125.50 - 179.99||121.10 - 167.80||up to Rs 3.90 lakh|
|BMW GT||43.95 - 48.30||42.50 - 46.70||Rs 1.60 lakh|
Jaguar Land Rover
Jaguar Land Rover was another luxury automaker to cut prices across its line up of luxury sedans and SUVs by average 7%.
|Model||Variant||Pre-GST prices in Rs lakh||Post-GST prices in Rs lakh||Difference|
|Jaguar XE||2.0L Petrol Pure||3,725,000||3,463,488||261,512|
|Jaguar XF||2.0L Diesel Pure||4,750,000||4,488,522||261,478|
|Jaguar XJ||2.0L Petrol Portfolio||10,246,000||9,738,609||507,391|
|Discovery Sport - 5 Seats||2.0L Diesel Pure 5 Seater||4,380,000||4,003,554||376,446|
|Discovery Sport - 5+2 Seats||2.0L Diesel HSE||5,348,000||4,935,352||412,648|
|Range Rover Evoque||2.0L Diesel Pure||4,585,000||4,236,464||348,536|
Slashing its car prices, Volkswagen Group’s luxury car brand Audi India’s head Raheel Ansari said, “We welcome the GST. Hopefully this will be a new & exciting phase of the luxury car business. The new realigned prices offer great opportunity to expand the market and widen our customer base.”
|Model||Pre-GST prices in Rs lakh||Post-GST prices in Rs lakh||Price difference|
|A3||32.30 - 35.80||31.85 - 35.29||Rs 45,000 - 51,000|
|A4||40.20 - 43.30||39.61 - 42.66||Rs 59,000 - 64,000|
|Q3||34.20 - 41.20||33.72 - 40.60||Rs 48,000 - 59,250|
|Q7||72.90 - 80.95||70.12 - 77.84||Rs 2,78,000 - 3,11,000|
Mercedes-Benz India also chose to pass on the benefits post-GST to its customers, making the luxury cars more attractive on the price-points.
|Model||Pre-GST price in Rs||Post-GST price in Rs||Difference|
|CLA||32.00 lakh||30.88 lakh||Rs 1.12 lakh|
|E-Class||55.70 lakh - 69 lakh||53.7 lakh -67 lakh||Rs 2.00 lakh|
|GLS 350||83 lakh||80 lakh||Rs 3.00 lakh|
|Maybach S 500||1.87 crore||1.80 crore||Rs 7.00 lakh|
The taxes on two-wheelers have remained more or less the same, though high-end bikes with engines of 350cc or more have become costlier due to an additional 3% cess.
India’s legendary two-wheeler maker Royal Enfield revealed its line-up prices, giving a clear idea of the impact of GST on prices of vehicles across segments.
(The prices of models may vary in some states)