Impact of GST on new car prices

1st Jul 2017 6:41 pm

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.

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
Model namePrice (Pre-GST)Price (Post-GST)
Honda BrioRs 4.74- 6.87 lakhRs 4.66- 6.75 lakh
Honda AmazeRs 5.59 - 8.52 lakhRs 5.58- 8.47 lakh
Honda JazzRs 5.95 - 9.27 lakhRs 5.89 - 9.19 lakh
Honda WR-VRs 7.75 - 9.99 lakhRs 7.66 - 9.91 lakh
Honda CityRs 8.62 - 13.71 lakhRs 8.46 - 13.43 lalkh
Honda BR-VRs 9.12 - 13.14 lakhRs 8.93 - 13.04 lakh
Honda CR-VRs 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
Model namePrice (Pre-GST)Price (Post-GST)
Maruti Alto 800Rs 2.46-3.67 lakhRs 2.45-3.72 lakh
Maruti Alto K10Rs 3.27-4.12 lakhRs 3.26-4.11 lakh
Maruti CelerioRs 4.04-5.24 lakhRs 4.03- 5.23 lakh
Maruti WagonRRs 4.11-5.33 lakhRs 4.10-5.31 lakh
Maruti SwiftRs 4.80-7.46 lakhRs 4.79-7.46 lakh
Maruti DzireRs 5.45-9.41 lakhRs 5.42-9.39 lakh
Maruti IgnisRs 4.59-7.80 lakhRs 4.56-7.54 lakh
Maruti BalenoRs 5.28-8.43 lakhRs 5.27-8.42 lakh
Maruti CiazRs 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
Model namePrice (Pre-GST)Price (Post-GST)
Toyota Etios LivaRs 5.39-7.53 lakhRs 5.20-7.29 lakh
Toyota Etios sedanRs 6.64-8.98 lakhRs 6.65-8.60 lakh
Toyota Innova CrystaRs 14.20-21.40 lakhRs 13.30-20.07 lakh
Toyota Innova TouringRs 17.79-22.15 lakhRs 16.67- 20.77 lakh
Toyota Corolla AltisRs 15.87- 19.81 lakhRs 14.88-18.67 lakh
Toyota FortunerRs 26.66-31.86 lakhRs 24.40-29.17 lakh
Toyota Camry HybridRs 31.98 lakhRs 37.22 lakh
Toyota Prius HybridRs 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
ModelPre- GST pricePost-GST price
Eon3.32-4.60 lakh3.31-4.56 lakh
Grand i104.59-7.37 lakh4.55-7.30 lakh
Xcent5.38-8.41 lakh5.33-8.39 lakh
Verna7.95-13.17 lakh7.84-12.62 lakh
Creta9.28-14.63 lakh8.92-14.00 lakh
Elantra13.00-19.31 lakh12.48-18.46 lakh
Tucson19.00-25.01 lakh18.13-23.86 lakh
Santa Fe29.58-33.00 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
Model namePrice (Pre-GST)Price (Post-GST)
Audi A3 Rs 30.50-35.80 lakhRs 30.77-35.29 lakh
Audi A4Rs 38.10-43.30 lakhRs 38.40-42.66 lakh
Audi A6Rs 52.75- 53.75 lakhRs 51.93- 52.91 lakh
Audi A8 LRs 1.15-1.20 croreRs 1.14-1.19 crore
Audi Q3Rs 32.20-41.20 lakhRs 32.48-40.60 lakh
Audi Q7Rs 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
Model namePrice (Pre-GST)Price (Post-GST)
Land Rover Discovery SportRs 43.80-57.16 lakhRs 40.04-52.88 lakh
Range Rover EvoqueRs 45.85-61.40 lakhRs 42.37-56.97 lakh
Range Rover SportRs 86.80 lakh-1.77 croreRs 89.44 lakh- 1.78 crore
Range RoverRs 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
Model namePrice (Pre-GST)Price (Post-GST)
Jaguar XERs 37.25-46.34 lakhRs 34.64-43.21 lakh
Jaguar XFRs 47.50-60.50 lakhRs 44.89-56.35 lakh
Jaguar XJ petrolRs 1.03 croreRs 97.39 lakh
Jaguar F-Pace SUVRs 68.40 lakh- 1.22 croreRs 67.37 lakh-Rs 1.10crore
Jaguar F-TypeRs 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
Model namePrice (Pre-GST)Price (Post-GST)
A-ClassRs 27.57 - 28.58 lakhRs 27.45 - 28.45 lakh
B-ClassRs 29.58 - 30.59 lakhRs 29.45 - 30.45 lakh
GLA-ClassRs 33.12 - 36.24 lakhRs 30.65 - 36.75 lakh
C-ClassRs 40.05 - 46.58 lakhRs 38.55 - 44.83 lakh
E-ClassRs 55.80 - 69.00 lakhRs 54.56 - 67.49 lakh
GLC-ClassRs 48.30 - 52.34 lakhRs 46.49 - 50.37 lakh
GLE-ClassRs 64.32 - 67.49 lakhRs 62.89 - 72.06 lakh
GLS-ClassRs 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.


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

 

Model

Pre-GST price

 

 

Post-GST price

A3

30.50 – 35.80

30.77 – 35.29

A4

38.10 – 43.30

38.40 – 42.66

A6

52.75 – 53.75

51.93 – 52.91

A8

115.35 – 120.72

114.2 – 119.6

Q3

32.20 – 41.20

32.48 – 40.60

Q7

72.90 – 80.95

70.12 – 77.84

 

 

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.

 

 

Model

Pre-GST prices

Post GST price

Discovery Sport

43.80- 57.16

40.04-52.88

Range Rover Evoque

45.85-61.40

42.37-56.97

Range Rover Sport

86.80-177

89.44-178.53

Range Rover

157.88 - 347.00

158.65-343.88

 

 

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.

 

 

Model

Pre-GST prices

Post GST price

XE

37.25 – 46.34

34.64 – 43.21

XF

47.50 – 60.50

44.89 – 56.35

XJ (petrol)

102.46

97.39

F-PACE

68.40 – 122.78

67.37 – 110.54

F-TYPE

204.31 – 259.21

208.08 – 262.90

 

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