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Impact of GST on new car prices

Most models have become cheaper; notable exceptions are Maruti Ciaz and Ertiga SHVS with big increases owing to a 12.7 percent tax hike under GST.
5 min read1 Jul '17
Mark NarakadenMark Narakaden
84K+ views

Also read:Impact of GST on new bike prices

With GST now implemented, we take a look at its impact on car prices. While most vehicle categories were expected to see a reduction in taxation, it remained to be seen how much of this benefit was going to be passed down to the consumer.

With the new tax structure now in effect, most cars from major manufacturers have seen reductions, but hybrids are subject to a 12.7 percent hike in effective tax. The move is a result of the government's drive to promote electric vehicles, as hybrids were reported to be gaining an undeserved advantage.

Honda
Honda has announced GST price cuts on various models ranging from Rs. 5,000 for the Amaze and upto Rs. 28,000 for the City. CR-V entry level variant is cheaper by 1,24,000 while the pricing for the Honda Accord hybrid remains the same.

Honda car prices post GST
Price (Pre-GST)Price (Post-GST)
Honda Brio
Rs 4.74- 6.87 lakhRs 4.66- 6.75 lakh
Honda Amaze
Rs 5.59 - 8.52 lakhRs 5.58- 8.47 lakh
Honda Jazz
Rs 5.95 - 9.27 lakhRs 5.89 - 9.19 lakh
Honda WR-V
Rs 7.75 - 9.99 lakhRs 7.66 - 9.91 lakh
Honda City
Rs 8.62 - 13.71 lakhRs 8.46 - 13.43 lalkh
Honda BR-V
Rs 9.12 - 13.14 lakhRs 8.93 - 13.04 lakh
Honda CR-V
Rs 22.64 - 26.79 lakhRs 21.53 - 25.47 lakh


Maruti Suzuki
Maruti Suzuki has updated its prices and is offering up to a 3 percent cut on most models, except the SHVS-equipped Ciaz and Ertiga diesels which get price hikes of Rs 1.88 and Rs 1.69 lakh, respectively, due to the increase in duty.
Maruti prices post GST
Price (Pre-GST)Price (Post-GST)
Maruti Alto 800
Rs 2.46-3.67 lakhRs 2.45-3.72 lakh
Maruti Alto K10
Rs 3.27-4.12 lakhRs 3.26-4.11 lakh
Maruti Celerio
Rs 4.04-5.24 lakhRs 4.03- 5.23 lakh
Maruti WagonR
Rs 4.11-5.33 lakhRs 4.10-5.31 lakh
Maruti Swift
Rs 4.80-7.46 lakhRs 4.79-7.46 lakh
Maruti Dzire
Rs 5.45-9.41 lakhRs 5.42-9.39 lakh
Maruti Ignis
Rs 4.59-7.80 lakhRs 4.56-7.54 lakh
Maruti Baleno
Rs 5.28-8.43 lakhRs 5.27-8.42 lakh
Maruti Ciaz
Rs 7.72-9.56 lakhRs 7.65-11.44 lakh

Tata Motors 
Following the rollout of GST, Tata Motors has announced a price cut of upto 12 percent in the range of Rs 3,300 to Rs 2,17,000 depending on the model and variant.

Mahindra 
Utility vehicle major Mahindra has announced a reduction in prices of large UVs, SUVs by an average of 6.9 percent. Prices of small cars have been cut by an average of 1.4 percent. However, hybrid vehicles will see a marginal increase in prices since the GST rates on hybrid vehicles are significantly higher, the carmaker said in a statement today. These price changes to end-customers will vary across states or even cities within a state, due to the differing levels of pre-GST local taxes.

Toyota
Innova Crysta prices have dropped by up to Rs 1.14 lakh and the Fortuner's by up to Rs 2.69 lakh. With GST making no differentiation between mild and full hybrids, the prices of the hybrid Prius and Camry (both full hybrids) too, have been hiked by Rs 5.24 lakh and Rs 5.1 lakh, respectively.

Toyota car prices post GST
Price (Pre-GST)Price (Post-GST)
Toyota Etios Liva
Rs 5.39-7.53 lakhRs 5.20-7.29 lakh
Toyota Etios sedan
Rs 6.64-8.98 lakhRs 6.65-8.60 lakh
Toyota Innova Crysta
Rs 14.20-21.40 lakhRs 13.30-20.07 lakh
Toyota Innova Touring
Rs 17.79-22.15 lakhRs 16.67- 20.77 lakh
Toyota Corolla Altis
Rs 15.87- 19.81 lakhRs 14.88-18.67 lakh
Toyota Fortuner
Rs 26.66-31.86 lakhRs 24.40-29.17 lakh
Toyota Camry Hybrid
Rs 31.98 lakhRs 37.22 lakh
Toyota Prius Hybrid
Rs 38.96 lakhRs 44.06 lakh

Hyundai

The Korean maker has finally announced new pricing for its models with a reduction of up to 5.9% 

 

Hyundai prices post GST
Pre- GST pricePost-GST price
Eon
3.32-4.60 lakh3.31-4.56 lakh
Grand i10
4.59-7.37 lakh4.55-7.30 lakh
Xcent
5.38-8.41 lakh5.33-8.39 lakh
Verna
7.95-13.17 lakh7.84-12.62 lakh
Creta
9.28-14.63 lakh8.92-14.00 lakh
Elantra
13.00-19.31 lakh12.48-18.46 lakh
Tucson
19.00-25.01 lakh18.13-23.86 lakh
Santa Fe
29.58-33.00 lakh27.86-31.07 lakh

Audi
A
udi has dropped prices across its range too. Here's what the models cost now:

Audi car prices post GST
Price (Pre-GST)Price (Post-GST)
Audi A3
Rs 30.50-35.80 lakhRs 30.77-35.29 lakh
Audi A4
Rs 38.10-43.30 lakhRs 38.40-42.66 lakh
Audi A6
Rs 52.75- 53.75 lakhRs 51.93- 52.91 lakh
Audi A8 L
Rs 1.15-1.20 croreRs 1.14-1.19 crore
Audi Q3
Rs 32.20-41.20 lakhRs 32.48-40.60 lakh
Audi Q7
Rs 72.90-80.95 lakhRs 70.12-77.84 lakh

Land Rover
All variants of the locally produced Discovery Sport and Evoque get cheaper with price cuts ranging up to Rs.4.28 lakh and Rs 4.43 lakh, respectively. Imported models, including the Range Rover Sport and Range, get price cuts on certain variants.

Land Rover SUV prices post GST
Price (Pre-GST)Price (Post-GST)
Land Rover Discovery Sport
Rs 43.80-57.16 lakhRs 40.04-52.88 lakh
Range Rover Evoque
Rs 45.85-61.40 lakhRs 42.37-56.97 lakh
Range Rover Sport
Rs 86.80 lakh-1.77 croreRs 89.44 lakh- 1.78 crore
Range Rover
Rs 1.57-3.47 croreRs 1.58-3.43 crore

Jaguar
Jaguar, too, has offered a significant reduction in the prices of its locally assembled models. The F-Type sportscar, though, is more expensive now.

Jaguar prices post GST
Price (Pre-GST)Price (Post-GST)
Jaguar XE
Rs 37.25-46.34 lakhRs 34.64-43.21 lakh
Jaguar XF
Rs 47.50-60.50 lakhRs 44.89-56.35 lakh
Jaguar XJ petrol
Rs 1.03 croreRs 97.39 lakh
Jaguar F-Pace SUV
Rs 68.40 lakh- 1.22 croreRs 67.37 lakh-Rs 1.10crore
Jaguar F-Type
Rs 2.04 - 2.59 croreRs 2.08 - 2.62 crore

Mercedes-Benz

The German brand has announced a reduction in prices ranging from about 2 percent to 9 percent across its India portfolio. The 'Made in India' cars (CLA, GLA, GLC, GLE, GLS, C-Class, E- Class and S -Class) especially benefit from the implementation of the GST.

Mercedes-Benz prices post GST
Price (Pre-GST)Price (Post-GST)
A-Class
Rs 27.57 - 28.58 lakhRs 27.45 - 28.45 lakh
B-Class
Rs 29.58 - 30.59 lakhRs 29.45 - 30.45 lakh
GLA-Class
Rs 33.12 - 36.24 lakhRs 30.65 - 36.75 lakh
C-Class
Rs 40.05 - 46.58 lakhRs 38.55 - 44.83 lakh
E-Class
Rs 55.80 - 69.00 lakhRs 54.56 - 67.49 lakh
GLC-Class
Rs 48.30 - 52.34 lakhRs 46.49 - 50.37 lakh
GLE-Class
Rs 64.32 - 67.49 lakhRs 62.89 - 72.06 lakh
GLS-Class
Rs 83.00 lakhRs 79.06 lakh
S-Class
Rs 1.21 - 1.33 croreRs 1.17 - 1.28 crore

All prices in lakh, ex-showroom, New Delhi.

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