Thursday, Apr 25, 2024 | Last Update : 11:06 AM IST
Car-makers cut prices to pass on GST benefit
Fortuner cheaper by Rs 2.17 lakh, BMW cuts X1 price by Rs 1.8 lakh.
New Delhi: Carmakers Maruti Suzuki, Toyota Kirloskar, BMW and JLR on Saturday slashed prices on their models due to decrease in taxes under GST.
India’s largest car manufacturer, Maruti Suzuki India (MSI) announced a cut of up to 3 per cent on most of its vehicles except for diesel versions of sedan Ciaz and MPV Ertiga with mild hybrid technology.
Owing to withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased by around Rs 1 lakh.
The company has cut the price of its popular small car Alto by Rs 2,300 to Rs 5,400, WagonR Rs 5,300-Rs 8,300 and Swift Rs 6,700-Rs 10,700. Baleno price has been cut in the range of Rs 6,600-Rs 13,100 and Dzire between Rs 8,100-Rs 15,100. Ertiga petrol price has been cut by up to Rs 21,800 and Ciaz petrol by up to Rs 23,400.
Vitara Brezza price has been decreased by Rs 10,400 and Rs 14,700 and S-cross has been cut in the range of Rs 17,700 and Rs 21,300.
Toyota Kirloskar Motor slashed prices of its car between Rs 10,500 and Rs 2.17 lakh (ex-showroom Bengaluru). Fortuner price has been cut by up to Rs 2.17 lakh, Innova Crysta by up to Rs 98,500 and Corolla Altis by up to Rs 92,500.
Price of Platinum Etios has been cut by Rs 24,500 and Etios Liva by up to Rs 10,500. However, Toyota hiked the prices of hybrid variants Camry and Prius by over Rs 3.5 lakh in Bengaluru and up to Rs 5.24 lakhs in Delhi as per applicable tax under GST. Luxury carmaker Jaguar Land Rover India also slashed prices of its car by up to 7 per cent. It slashed price of Jaguar XE and XF by Rs 2.61 lakh, Jaguar XJ by `5 lakh and Discover Sport (5+2 swats) Rs 4 lakh.
German luxury car maker 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. Last month, Mercedes-Benz and Audi had announced passing on the GST benefit to customers.
