With effect of GST from July 1, popular cars, motorcycles and scooters will become cheaper but bigger bikes with engines above 350 cc will be costlier. Larger SUVs and sedans will see the maximum price cut while smaller cars will also be marginally cheaper.
To account for the effect, Tata Motors on Wednesday has slashed the prices of its passenger vehicles by ₹3300-21,700. This step is taken in order to pass on the benefits to its customers due to GST.
Mayank Pareek who is President of Passenger Vehicles Business Unit, Tata Motors, said, “We whole-heartedly welcome the initiative by the Union Government for introducing GST thereby bringing in one uniform tax across the country. This will enhance the ease of doing business and usher in a new era for the economy in general and especially, for the automotive industry. Following the roll out of GST, we have decided to pass on the entire benefit to our customers. We are offering a price reduction of up to 12% ranging between ₹3300 and ₹217000 depending on the models and variants. With a strong focus to encourage positive buying sentiments, we have taken this step.”
Major automobile companies including two-wheelers and four-wheelers have already announced their list of revised prices post GST.