From Alto K10 to Creta, Nexon, XUV700, Fortuner: Here are 10 cars with GST price cuts up to Rs 3.49 lakh

The Maruti Suzuki Alto K10 can be had at a starting price of only Rs 3.70 lakh (ex-showroom) in the GST 2.0 regime.

The rollout of GST 2.0 has made buying a new car a lot cheaper in India. Leading carmakers, including Maruti Suzuki India, Hyundai Motor India, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor, have announced price cuts across their popular models. Depending on the segment, buyers are now saving anywhere between under Rs 1 lakh on small hatchbacks to as much as Rs 3.49 lakh on big SUVs.

Maruti has revised prices for its entry-level and compact models. The Alto K10 is now cheaper by up to Rs 1.08 lakh, bringing its new starting price down to Rs 3.70 lakh. The S-Presso has received an even steeper cut of Rs 1.29 lakh, and now starts at Rs 3.50 lakh. The Fronx compact SUV has also seen a reduction of about Rs 1.13 lakh, with prices beginning at Rs 6.85 lakh.

Hyundai has dropped prices across its line-up. The i20 hatchback is now cheaper by nearly Rs 98,000. The Creta, the company's top seller, now starts at Rs 10.73 lakh after a cut of up to Rs 72,145. The biggest drop is in the Tucson SUV, which is now priced lower by as much as Rs 2.40 lakh, bringing its entry price to Rs 27.32 lakh.

Tata has also passed on GST benefits to customers. The Nexon is now cheaper by up to Rs 1.55 lakh, with a new starting price of around Rs 7.32 lakh. The Altroz has seen a price correction of about Rs 1.11 lakh. Models like the Punch and Safari have also received reductions.

Mahindra has applied major cuts on its SUV portfolio. The XUV700 is down by Rs 1.43 lakh, with prices starting at Rs 13.19 lakh. The Scorpio-N has seen a Rs 1.45 lakh drop, and now begins at Rs 13.20 lakh. These changes make the Mahindra SUVs dominant players in the hotly contested 7-seater SUV space.

The biggest single reduction has come from Toyota. Its flagship SUV, the Fortuner, is now cheaper by Rs 3.49 lakh. Prices now start at Rs 33.65 lakh, a move that will help Toyota stay competitive against the MG Gloster and the Jeep Meridian in the premium SUV category.

Industry analysts say these price corrections will play a big role in festive season demand. Compact SUVs and large three-row SUVs are now more aggressively priced, while entry-level hatchbacks like the Alto K10 and the S-Presso are likely to attract first-time buyers upgrading from two-wheelers.

Under the earlier tax structure, cars attracted a base GST of 28% along with a compensation cess ranging from 1 to 22%, depending on the size and type of vehicle. This pushed the overall tax incidence to around 29-31% on small cars and as high as 50% on large SUVs and luxury models.

With GST 2.0, the slabs have been rationalised to just 18% for small cars and 40% for bigger vehicles, with the compensation cess removed. This sharp reduction has directly translated into lower ex-showroom prices across segments.

For reference, all the prices are ex-showroom.