Major automakers in India have announced significant price cuts on cars and two-wheelers, thanks to the implementation of revised GST 2.0 rates effective from September 22, 2025. This move comes just in time for the festive season, aiming to make vehicles more affordable and boost demand. Key Highlights Price Reductions Across Brands: Mahindra & Mahindra, Tata Motors, Toyota, Skoda, Hyundai, Renault, Honda, and luxury brands like Jaguar, Land Rover, Volvo, and Lexus have all slashed prices across various models. Range of Price Cuts: Discounts run from approximately ₹40,000 (Maruti Alto K10) up to ₹30.4 lakh (Jaguar Land Rover’s luxury line-up), depending on the model and manufacturer. GST Rate Changes: The GST rate on small cars and two-wheelers is now 18% (down from 28%), while larger vehicles and SUVs are taxed at a flat 40% (with removal of additional cess). Electric Vehicles: EVs remain attractively priced, retaining a low 5% GST rate. Luxury Segment: Luxu...
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