Mahindra cuts SUV prices with revised GST rates; Thar, Scorpio, XUV700 cheaper by up to Rs 1.56 lakh

Also Read: Tata Motors to cut car, SUV prices sharply after GST reduction; popular model to get cheaper by Rs 1.55 lakh

Customers opting for the Thar 2WD Diesel can now save Rs 1.35 lakh, whereas the Thar 4WD Diesel and Scorpio Classic each see a RS 1.01 lakh reduction in price. The Scorpio-N offers savings of up to Rs 1.45 lakh, the Thar Roxx Rs 1.33 lakh, and the flagship XUV700 RS 1.43 lakh.

The price cut comes after the 56th GST Council meeting on Wednesday, chaired by Finance Minister Nirmala Sitharaman, which announced revised GST and cess rates on SUVs.

Also Read: Toyota slashes prices on Fortuner, Innova Crysta, Hycross, Vellfire after GST rate cut

Earlier, Tata Motors on Friday also announced a price cut starting from September 22, and it announced that its entry-level hatchback Tiago will become cheaper by Rs 75,000, while compact sedan Tigor will see a reduction of Rs 80,000. The Altroz hatchback will witness the steepest cut among small cars, with prices lowered by Rs 1.10 lakh.

Among SUVs, the Punch will be cheaper by Rs 85,000 and the popular Nexon by Rs 1.55 lakh. Tata’s recently launched mid-sized model, Curvv, will also see a price reduction of Rs 65,000.

For the company’s premium offerings, Harrier and Safari, the price will come down by Rs 1.40 lakh and Rs 1.45 lakh, respectively, Tata Motors said in a statement.

The GST Council this week approved a major restructuring of tax slabs for automobiles, which will take effect from September 22, coinciding with the start of Navaratri.

As per the revised structure, vehicles powered by petrol, LPG, or CNG with engine capacity below 1,200 cc and length not exceeding 4,000 mm, along with diesel vehicles up to 1,500 cc and 4,000 mm, will now attract 18 per cent GST.

Larger vehicles — those above 1,200 cc in petrol or 1,500 cc in diesel, and exceeding 4,000 mm in length — will be taxed at 40 per cent, the Council decided.