Big news for car buyers! Thanks to a recent GST rate cut, many popular cars from brands like Hyundai and Mercedes-Benz are now more affordable. This move is expected to give a nice boost to the automobile sector and make your dream car a bit closer to reality.
Why Cars Are Getting Cheaper
The government has reduced the GST cess on certain vehicle categories. Specifically, SUVs, MUVs, and sedans that previously faced higher GST and cess rates are now enjoying a reduction. This means the overall tax burden on these vehicles has decreased, and car manufacturers are passing these savings directly to customers. It's a win-win, as it aims to stimulate demand in the auto market.
Hyundai's Price Drop
Hyundai Motor India has announced significant price reductions across several of its popular models. If you've been eyeing a Hyundai, now might be the perfect time to drive one home.
Affected Models and Savings:
- i20: This popular hatchback is now more affordable.
- Verna: The sleek sedan also sees a price cut.
- Venue: Hyundai's compact SUV becomes more accessible.
- Creta: The ever-popular Creta SUV is now cheaper.
- Tucson: For those looking for a premium SUV, the Tucson's price has been adjusted downwards.
Customers can expect to save up to Rs 2.4 lakh on these Hyundai models, making them an even more attractive option in their respective segments.
Mercedes-Benz Becomes More Accessible
It's not just mass-market cars seeing price reductions; luxury car brand Mercedes-Benz India has also adjusted its prices. If you've been dreaming of owning a luxury vehicle, this news could be a game-changer.
Significant Savings on Luxury: Mercedes-Benz cars are now cheaper by up to Rs 11 lakh. This substantial reduction applies across a range of their premium models, bringing luxury motoring within reach for more buyers.
Revised Starting Prices for Key Models:
- C-Class: Now starts at Rs 65.71 lakh.