his festival season, buying a car is expected to be more rewarding than ever.
There are three main reasons for this:
GST Reduction: During festivals, the GST on cars has been reduced.
Low-Interest Loans: Banks are offering car loans at lower interest rates.
Auspicious Timing: Buying a car during festivals is considered lucky.
According to auto export reports, the reduction of GST from 28% to 18% could lower car prices by at least Rs 50,000.
The new GST rates will come into effect from 22 September, which is also when Sharadiya Navratri begins.
Small Cars to See Biggest Price Drop
The GST Council has approved the reduction for small cars—those with up to 1200 cc petrol engines (1500 cc for diesel) and a length of up to 4000 mm.
Popular models like Maruti Swift, Hyundai i10 and i20, Tata Punch, and Maruti Baleno are expected to become more affordable, boosting sales.
Auto companies are excited about the expected increase in demand.
