GST rates slashed: Tata cars become cheaper; list of reductions in Tiago, Nexon, Safari prices
&imwidth=600&imheight=450&format=webp&quality=medium "GST rates slashed: Tata cars become cheaper; list of reductions in Tiago, Nexon, Safari prices")
Tata Motors Passenger Vehicles Managing Director Shailesh Chandra during the launch of the 'Tata Altroz facelift'. Photograph: (ANI file)
Tata announces price cuts in rates of its cars after GST rates were slashed by the central government. The company has announced that it will drop the prices of its products up to Rs 1.55 lakh.
Car companies have announced price cuts on their vehicles after the central government reduced the Goods and Services Tax (GST) on small cars from 28 per cent to 18 per cent. Tata Motors, Mahindra and Mahindra, and Maruti Suzuki, India's top car sellers, have announced that they will pass on the benefits of the GST cut to buyers.
Tata Motors announced that it will drop the prices of its products up to Rs 1.55 lakh. A day before, Maruti Suzuki India Chairman RC Bhargava said that cars could become cheaper by 8.5-9 per cent.
Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that his company will pass on the entire benefit of the GST reduction to customers.
The price of the Maruti Suzuki Alto might drop by Rs 40,000 to Rs 50,000. Wagon R's prices may drop between Rs 60,000 and Rs 67,000.