The reduced prices for cars under the new GST reforms have been announced and buyers now have to pay a lot less than before. While the cost-benefit applies to both budget and luxury car buyers, GST 2.0 is geared towards offering the most incentive to small car buyers. With cars under 4-metre length and 1,200cc capacity being taxed at a much lower 18 percent rate, the new GST rates are set to boost auto sales in the coming months.
Fortunately, a few popular compact SUV models also qualify for the same GST rates that apply to small cars. This particularly benefits car buyers who are looking to buy their first SUV or upgrade from a small car. Here are 5 such SUV models that are now cheaper to buy.
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1. Maruti Suzuki S-Presso:
The SUV-inspired S-Presso is now the most affordable car in India, after becoming cheaper than the Alto K10. Under the new GST, the starting price of the S-Presso has dropped to Rs 3.5 lakh ex-showroom and goes up to Rs 4.26 lakh ex-showroom. This marks a price drop of up to Rs 1.29 lakh.
2. Hyundai Exter:
The Exter 1.2-litre Kappa petrol is also much more affordable than before, under the new GST reforms. Prices for this SUV have dropped between Rs 31,000 to Rs 86,000 and it now has a starting price of Rs 5.68 lakh ex-showroom.
3. Tata Punch:
The Punch is another top-selling SUV that is now more affordable for young families. With the GST-induced price drop of up to Rs 1.08 lakh, the new starting price for the Punch SUV with the 1.2-litre Revotron petrol engine is Rs 5.49 lakh ex-showroom.
4. Hyundai Venue:
All three engine options of the Venue benefit under the new GST reforms, including the diesel version. With price cuts of up to Rs 1.24 lakh, the starting price for the Venue petrol has dropped to Rs 7.26 lakh ex-showroom and goes up to Rs 12.04 lakh ex-showroom.
5. Kia Sonet:
The Kia Sonet has also become more pocket-friendly under the new GST. Prices for the petrol variants have dropped between Rs 69,762 to Rs 1.34 lakh. Its updated starting price is Rs 7.30 lakh ex-showroom for the NA Petrol version and goes up to Rs 13.65 lakh ex-showroom for the Turbo Petrol DCT Automatic.
These sub-4-metre SUV models offer more practicality, comfort and features than an average small car. Under the new GST, the value proposition of these cars is now more attractive and may encourage more families to come into the vehicle ownership fold.
Keep reading Times Now Auto for more instant updates on new car prices.
