Did Hyundai India Really Cut Car Prices by Up to Rs 2.4 Lakh After GST Reduction?
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Synopsis
Hyundai Motor India has taken a significant step by announcing substantial price reductions on its passenger vehicles, effective September 22, thanks to recent GST reforms. This move aims to enhance accessibility for consumers and stimulate demand in the automotive sector during the festive season.
Key Takeaways
- Hyundai announces price cuts up to Rs 2.4 lakh.
- Effective from September 22, before the festive season.
- GST on small cars reduced to 18 per cent.
- Significant reductions on popular models.
- Expected boost in automotive demand and customer sentiment.
New Delhi, Sep 7 (NationPress) Hyundai Motor India has revealed that it will fully transfer the benefits of the newly implemented GST reforms to its customers, leading to substantial price reductions across its lineup of passenger vehicles.
The revised prices will take effect starting September 22, just in time for the festive season.
With these new adjustments, Hyundai cars and SUVs will see prices drop by as much as Rs 2.4 lakh.
The most significant decrease will be for the Hyundai Tucson, which will experience a price reduction of Rs 2,40,303.
Other well-liked models, including the Grand i10 Nios, Aura, Exter, i20, Venue, Verna, Creta, and Alcazar, will also witness notable price drops ranging from approximately Rs 60,000 to over Rs 1.2 lakh.
Unsoo Kim, the Managing Director of Hyundai Motor India Limited, expressed the company's gratitude for the government's decision to lower GST rates on passenger vehicles.
“We genuinely appreciate the forward-thinking and progressive action taken by the Government of India to reduce GST on passenger vehicles,” Kim stated.
He characterized this reform as a significant advantage for the automotive sector and a measure that enhances personal mobility, making it more affordable and accessible to millions in India.
Kim further emphasized that Hyundai is dedicated to supporting India's growth by providing vehicles that offer value, innovation, and driving enjoyment.
As part of the GST adjustments made during the 56th GST Council meeting, smaller cars -- categorized as vehicles under four meters in length with petrol engines up to 1,200cc or diesel engines up to 1,500cc -- will now incur an 18 per cent GST, reduced from the previous 28 per cent.
Larger vehicles with higher engine capacities will face a GST of 40 per cent, but without the additional cess that was previously applied.
Hyundai noted that these reforms, termed GST 2.0, are expected to lower car ownership costs and stimulate demand within the automotive industry.
The company anticipates that the updated pricing will enhance customer sentiment and boost sales during the festive period.
Point of View
I believe Hyundai's decision to pass on the GST benefits to consumers is a commendable step towards making automobiles more affordable. This initiative not only boosts consumer sentiment during the festive season but also strengthens the automotive sector, which is crucial for India's economic growth. The government's proactive stance on GST reform deserves recognition, as it demonstrates a commitment to enhancing personal mobility and accessibility for all.
NationPress
07/09/2025
Frequently Asked Questions
What is the extent of the price cuts offered by Hyundai?
Hyundai cars and SUVs will see price reductions of up to Rs 2.4 lakh, with the Tucson experiencing the largest cut of Rs 2,40,303.
When will the new prices take effect?
The new prices will be effective from September 22.
What is the new GST rate for small cars?
The GST on small cars has been reduced to 18 per cent from the previous 28 per cent.
How does this GST reform impact the automotive sector?
The reforms are expected to lower car ownership costs and stimulate demand in the automotive industry.
Which models are included in the price reduction?
Models such as the Grand i10 Nios, Aura, Exter, i20, Venue, Verna, Creta, and Alcazar will also see significant reductions.
