GST Effects On Indian Cars
All multiple state and centre taxes like VAT, CST, excise, NCCD, infra Cess, etc have been replaced by the GST now. The govt. of India has implemented the Goods and Service Tax from 1st July 2017, and it has brought a big smile on the faces of new car buyers. In most part of our country, all cars have become more affordable than before. We would like to remind you that from 1 July, all cars were taxed at a base rate of 28% and were levied an additional Cess 1% 3% or 15% as per dimensions, engine size and ground clearance of the cars.
On the other hand there are some increases in car insurance costs, car loan EMIs, costs of car roadside assistance services, car services, car rescue services, car towing services, emergency car breakdown service, car breakdown services and breakdown recovery insurance due to current revision in service tax from 15% to 18%. After GST there was a concern that cars from the small and mid-size segment were going to cost slightly more but we have seen that cars belonging to these segments have either came down or remained as is.
To understand the exact impact of GST on Indian cars, some popular Indian car companies’ price change ground report, we have presented below:
Impact of GST on Maruti Suzuki Cars:- One of the India’s most trusted car brand company Maruti Suzuki has dropped prices of its cars by up to 3 per cent. There is a price drop of up to Rs. 18000 in the alto range and up to Rs.32000 in their Baleno series. But their SHVS powered cars like Ciaz SHVS are now more costly up-to one lakh.
Impact of GST on Hyundai Cars:-Hyundai also reduced the car prices. Prices of Grand i-10 and Elite i-20, have come down by up to Rs 10,000. Rests of their Cars have almost remained as it were. [if !supportLineBreakNewLine] [endif]
Impact of GST on Nissan-Datsun Cars:-Nissan-Datsun have announced one ex-showroom price throughout India with the exception of J&K, but price drop is not too significant for the Japanese duo.
Impact of GST on Renault Cars:- Post GST, Renault has reduced up to 7 per cent in prices of their cars. Prices for various variants of the Kwid and Duster are also lower than before.
[if !supportLineBreakNewLine] [endif] [endif]
Ford has slashed prices of their cars by up to 4.5 per cent. Ford Endeavor's prices have come down by about Rs 3 lakh. They are also going to announce the change in prices of the Mustang soon.
Impact of GST on Honda Cars:-Like other car making companies, Honda too reduced prices of all its cars in India.
[if !supportLineBreakNewLine] [endif]Impact of GST on Toyota Cars:-Toyota perhaps has the most variety of cars in India. Due to large number of their models the post GST price change bracket is also massive ranging from Rs 20,000 to Rs 12+ lakh, for all Toyota models.
One important point to keep in mind that post GST there is some huge price increase to all hybrid cars, Cars from smaller and mid section have become affordable. Prices of cars differ from city to city, to know the exact price of a particular car in your, search online or visit the car showroom nearby you.
If you buy a new car then Crossroads provide all solution of upcoming problem like mechanical-faults, Battery Jumpstart, Fuel Delivery, Towing Service, Door Steps Service & roadside Assistant.
Please Visit:-
Cross Roads India Assistance Pvt. Ltd.
H.O : X -1, Okhla Industrial Area, Phase II, New Delhi - 110020
care@crossroadshelpline.com
Delhi NCR : 011-47090909
Toll Free: 1800 419 0199