Since the implementation of the new GST rates on September 22, vehicle prices across the country have decreased.
The central government’s decision to reduce GST rates has made cars more affordable for buyers.
Under the new tax structure:
Vehicles shorter than 4 meters with up to 1200 cc petrol or 1500 cc diesel engines will now attract 18% GST, reduced from 28%.
Vehicles longer than 4 meters will now have 40% GST, instead of the earlier 50%.
This tax reduction has led to a noticeable fall in the prices of several popular cars, especially compact SUVs.
Five Compact SUVs That Became Cheaper
Kia Syros
The Kia Syros tops the list of compact SUVs with the biggest price drop.
The GST cut has reduced its price by up to ₹1.86 lakh, depending on the variant.
New Ex-showroom Price: ₹8.67 lakh to ₹15.94 lakh
Kia Sonet
The Kia Sonet, another popular model from Kia, has also become more affordable.
After the GST reduction, the car’s price has dropped by up to ₹1.64 lakh.
New Ex-showroom Price: ₹7.30 lakh to ₹14.10 lakh
Mahindra XUV3XO
Mahindra’s XUV3XO is known for its powerful performance and attractive design.
Following the GST cut, its price has been reduced by up to ₹1.56 lakh.
New Ex-showroom Price: ₹7.28 lakh to ₹14.40 lakh
Tata Nexon
The Tata Nexon remains one of the most popular compact SUVs in India.
After the GST reduction, its price has dropped by up to ₹1.55 lakh.
New Ex-showroom Price: ₹7.32 lakh to ₹14.05 lakh
Mahindra Thar
The Mahindra Thar, famous for its rugged look and strong off-road performance, has also become cheaper.
After the GST rate change, it now costs ₹1.35 lakh less.
New Ex-showroom Price: Starts at ₹10.32 lakh
More Savings for Car Buyers
The reduction in GST has made compact SUVs more affordable for Indian buyers.
With lower prices, cars like the Kia Syros, Sonet, XUV3XO, Nexon, and Thar are now within easier reach, making this a great time for car enthusiasts to make a purchase.
