Vehicles, such as cars and bikes, will now be cheaper under the new restructured GST rate cuts. Prime Minister Narendra Modi addressed the nation on Sunday and said that the new GST rates are meant to impact the poor and middle class positively. The PM also emphasised the need for purchasing goods manufactured in India or swadeshi goods.
Automobile companies can now pass the benefits of the revised tax rates directly to the consumers. Here is a list of cars that will be cheaper under the revised GST rates:
Tata Motors
Nexon: Up to ₹1.55 lakh cut
Safari: ₹1.45 lakh cut
Harrier: ₹1.40 lakh cut
Punch: ₹85,000 cut
Curvv: ₹65,000 cut
Tiago: ₹75,000 cut
Tigor: ₹80,000 cut
Altroz: ₹1.10 lakh cut
Safari: ₹1.45 lakh cut
Mahindra & Mahindra
Bolero/Neo: Up to ₹1.27 lakh cut
XUV3XO Petrol: ₹1.40 lakh cut; Diesel: ₹ 1.56 lakh cut
Thar 2WD: ₹1.35 lakh cut;
Thar 4WD: ₹1.01 lakh cut
Scorpio Classic: ₹ 1.01 lakh cut
Scorpio-N: ₹1.45 lakh cut
Thar Roxx: ₹1.33 lakh cut
XUV 700: ₹1.43 lakh cut
Maruthi Suzuki
S-Presso: ₹1,29,600 cut
Alto K10: ₹1,07,600 cut
Swift: ₹84,600 cut
Dzire: ₹87,700 cut
Brezza: ₹1,12,700 cut
Fronx: ₹1,12,600 cut
Grand Vitara: ₹1,07,000 cut
Ertiga: ₹46,400 cut
Toyota
Fortuner: Up to ₹3.49 lakh cut
Legender: Up to ₹3.34 lakh cut
Hyryder: Up to ₹1.1 lakh cut
Hilux: ₹2.52 lakh cut
Vellfire: ₹2.78 lakh cut
Camry: ₹1.01 lakh cut
Innova Crysta: ₹1.80 lakh cut
Innova Hycross: 1.15 lakh cut
Other models: Up to ₹1.11 lakh cut
Hyundai
Venue: Up to ₹1,23 lakh cut (N-Line ₹1.19 lakh)
Venue N-Line: ₹1.19 lakh cut
Creta: ₹72,145 cut (N-Line ₹71,762)
Creta N Line: ₹71,000 cut
Alcaraz: upto ₹75,000 cut
Tucson: ₹2.40 cut
Verna: ₹60,640 lower
Grand i10 Nios: ₹73,808 cut
Aura: ₹78,465 cut
Exter: ₹89,209 cut
i20: ₹98,053 cut (N-Line ₹1.08 lakh)
Honda
Elevate: Up to ₹58,000 cut
JSW MG Motor
Astor: Up to ₹54,000 cut
Hector: ₹1.49 lakh cut
Gloster: ₹3.04
Kia
Syros: Up to ₹1.86 lakh cut
Sonet: ₹1.64 lakh cut
Seltos: ₹75,000 cut
Carens: ₹48,000 cut
Carens Clavis: ₹78,000 cut
Carnival: ₹4.48 lakh cut
Skoda
Kodiaq: Up to ₹3.3 lakh cut
Kushaq: ₹66,000 cut
Kylaq: ₹1.19 lakh cut
Range Rover - Up to ₹30.4 lakh cut
Range Rover 4.4P SV LWB: ₹30.4 lakh cut
Range Rover 3.0D SV LWB: ₹17.4 lakh cut
Range Rover 3.0P Autobiography: ₹18.3 lakh
Range Rover Sport 4.4 SV Edition Two: ₹19.7 cut
Velar 2.0D/2.0P Autobiography: ₹6 lakh cut
Evoque 2.0D/2.0P Autobiography: ₹4.6 lakh cut
Defender range: ₹18.6 lakh cut
Discovery: ₹9.9 lakh cut
Discovery Sport: ₹4.6 lakh cut
For two-wheelers under 350cc, which make up 98 per cent of India’s two-wheeler market, the GST rate was cut from 28 per cent to 18 per cent.
Honda Two-Wheelers-Up to ₹18,887 cut (under 350cc)
Activa 110: ₹7,874 cut
Dio 110: ₹7,157 cut
Activa 125: ₹8,259 cut
Dio 125: ₹8,042 cut
Shine 100: ₹5,672 cut
Shine 100 DX: ₹6,256 cut
Livo 110: ₹7,165 lower
Shine 125: ₹7,443 cut
SP125: ₹8,447 cut
CB125 Hornet: ₹9,229 cut
Unicorn: ₹9,948 cut
SP160: ₹10,635 lower
Hornet 2.0: ₹13,026 cut
NX200: ₹13,978 cut
CB350 H'ness: ₹18,598 cut
CB350RS: ₹18,857 cut
CB350: ₹18,887 cut