GST Impact: Maruti Suzuki, Audi, JLR, Isuzu offer heavy discounts in June

first_imgThe Goods and Service Tax (GST) will come into effect from July 1, and with the changes in the tax regime, car-makers are offering heavy discounts to lure customers into buying a new car before the deadline. With customers opting to wait for better deals, dealerships across the country are doing everything possible to attract customers into buying a new car before July 1. The car-makers are looking to drive the sales for June through discounts.What does the GST bill mean for cars?The Central Government will roll out the GST under the new tax regime from July 1, as cars will attract the top rate of 28 per cent and a cess in the range of 1 to 15 per cent on top of it. According to the rate structure finalised by the GST Council here, all cars, buses, trucks and motorcycles including moped will attract a peak GST of 28 per cent.Under the GST regime, cars will attract the top rate of 28 per cent with a cess in the range of 1 to 15 per cent on top of it. While small petrol cars with engine less than 1,200 cc will attract 1 per cent cess, those with a diesel engine of less than 1,500 cc will attract 3 per cent cess. Large cars with engine greater than 1,500 cc and SUVs with length more than 4 metres and engine higher than 1,500 cc will attract cess of 15 per cent.Who’s offering what?Maruti SuzukiCountry’s largest car-maker, Maruti Suzuki has upped its earlier discounts by up to Rs 10,000. we had earlier reported that Maruti Suzuki is offering exchange bonus of up to Rs 25,000 and discounts up to Rs 15,000 on various models.advertisementMaruti Suzuki Alto 800Previously, the Alto came with a discount of Rs 15,000 is now increased to Rs 35,000. While the Celerio, which came with an exchange offer of Rs 15,000- Rs 20,000 is now available with an additional Rs 25,000. The older generation Swift has a discount of Rs 20,000.Maruti Suzuki CelerioHyundai IndiaHyundai India launched the 2017 Xcent compact sedan along with the new generation Grand i10, while the Tucson SUV was launched last year. For the month of May, Hyundai was offering exchange offers and discounts worth Rs 30,000. For the month of June, Hyundai has unofficially increased the discount on Grand i10 and Eon by almost double.Hyundai Grand i10AudiAudi has slashed prices of its models in India by up to Rs 10 lakh till June 30. The company sells a range of cars, ranging from A3 sedan to A8 premium sedan currently priced between Rs 30.5 lakh and Rs 1.15 crore.Audi A6According to dealer sources, the reduction in prices on Audi vehicles sold in India will range from Rs 50,000 to Rs 1.5 lakh on entry level A3 sedan to Rs 10 lakh on flagship A8 sedan.Audi A4Mercedes-BenzOn the other hand, Mercedes Benz announced slashing of prices of its vehicles produced in India by up to Rs 7 lakh to pass on benefits of new tax rate under GST due in July.Mercedes-Benz GLCMercedes Benz India locally produces nine models — CLA sedan, SUVs GLA, GLC, GLE and GLS, luxury sedans C-Class, E- Class, S -Class and Maybach S 500 — which are priced between Rs 32 lakh and Rs 1.87 crore (ex-showroom Delhi). The price reduction will range from Rs 1.4 lakh on the CLA sedan to Rs 7 lakh on Maybach S 500.FordFord India is offering discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo.Ford EcoSportThe company is offering discount on EcoSport in the range of Rs 20,000 to Rs 30,000. The compact SUV is now priced between Rs 7.18 lakh and Rs 10.76 lakh (ex-showroom Delhi). On the other hand, Figo and Aspire are cheaper in the range of Rs 10,000 to Rs 25,000 depending upon the variant. While Figo is priced between Rs 4.75 lakh and Rs 7.73 lakh while Aspire compact sedan is tagged between Rs 5.44 lakh and Rs 8.28 lakh (all prices ex-showroom Delhi).JLRTata Motors-owned Jaguar Land Rover (JLR) has reduced prices of select models by up to Rs 10.9 lakh from immediate effect to pass on benefits of new tax rates under GST expected to be rolled out in July.2016 Jaguar XF faceliftThe benefits, which will vary from state to state and will be in the range of Rs 2 lakh to Rs 5.7 lakh on Jaguar XE sedan and Rs 4 lakh to Rs 10.9 lakh on Jaguar XJ. On Land Rover models — Discovery Sport and Range Rover Evoque, the benefits will vary from Rs 3.3 lakh to Rs 7.5 lakh. These models are currently priced between Rs 37.25 lakh and Rs 1.02 crore (ex-showroom Delhi).advertisementIsuzuIsuzu Motors India is offering discounts on the newly launched MU-X and V-Cross of up to Rs 1.5 lakh on ex showroom prices. While the new MU-X now comes with a reduced price tag of Rs 1.5 lakh, the V-Cross gets a discount of Rs 60,000.Isuzu MU-XWith this, the MU-X comes with a price tag of Rs 22.4 lakh and Rs 24.4 lakh for its 4×2 and 4×4 variant respectively. The V-Cross is now available for Rs 12.7 lakh from its original Rs 13.3 lakh price tag.Isuzu V-CrossALSO READ:JLR passes on GST related benefits to customersALSO READ:GST: Get ready to pay more for small cars, SUVs to get some reliefALSO READ:GST would drive hybrid vehicles out of the market, say Indian automakerslast_img

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