GST 2.0 Slashes Car Prices Across India – What Buyers Need to Know
🚗 What Changed Under GST 2.0?
- Compact cars (under 4,000 mm, petrol <1,200cc or diesel <1,500cc):
GST reduced from 28% to 18%, leading to price drops of ₹50,000 to ₹1.29 lakh
Example: Maruti Alto K10, Swift, Wagon-R, Baleno
Source: OneIndia - Larger vehicles (above 4,000 mm or engine >1,500cc):
Now taxed at 40% flat, down from a combined 45–50% (GST + cess)
Example: Mahindra Thar, Toyota Fortuner, Tata Safari