Did Mahindra & Mahindra and Toyota Really Cut Prices by Up to Rs 3.49 Lakh?
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Synopsis
In a bold move, Mahindra & Mahindra and Toyota have slashed vehicle prices significantly, offering discounts of up to Rs 3.49 lakh. This initiative aims to enhance affordability and stimulate demand in the automotive sector ahead of the festive season. Discover the latest details on these price reductions and their impact on consumers!
Key Takeaways
- Mahindra & Mahindra has cut prices by up to Rs 1.56 lakh.
- Toyota has announced reductions of up to Rs 3.49 lakh.
- Price cuts apply to several popular models across both companies.
- New GST 2.0 framework has made vehicles more affordable.
- This move is expected to boost demand during the festive season.
New Delhi, Sep 6 (NationPress) In a move to align with other automotive manufacturers, Mahindra & Mahindra Ltd (M&M) has declared an immediate price reduction across its ICE SUV lineup, passing on the full benefits of GST 2.0 to consumers, with discounts reaching up to Rs 1.56 lakh.
According to the company, popular models such as Thar, Scorpio, Bolero, XUV700, and Scorpio-N are now available at significant savings, ranging from Rs 1.01 lakh to Rs 1.56 lakh.
The Bolero and Bolero Neo are now priced lower by up to Rs 1.27 lakh, while the XUV3XO Petrol offers a discount of Rs 1.40 lakh, with the XUV3XO Diesel leading the charge with a reduction of Rs 1.56 lakh.
Additionally, the Scorpio-N sees savings of up to Rs 1.45 lakh, the Thar Roxx offers Rs 1.33 lakh in discounts, and the flagship XUV700 has a price reduction of Rs 1.43 lakh.
Toyota Kirloskar Motor (TKM) has also announced that it will fully transfer the recent GST rate reductions to its customers across its vehicle range, with discounts varying from Rs 48,700 for the Rumion up to Rs 3.49 lakh for the Fortuner.
“We are grateful to the Government of India for this landmark reform. It not only makes vehicles more affordable for consumers but also boosts overall confidence in the automotive sector. As we approach the festive season, we anticipate this initiative will create strong momentum and further stimulate demand,” stated Varinder Wadhwa, Vice President of Sales-Service-Used Car Business and Profit Enhancement.
Price reductions for other models include Toyota Glanza at up to Rs 85,300, Taisor at up to Rs 1,11,100, Hyryder at up to Rs 65,400, and Fortuner at up to Rs 3,49,000.
Renault India also revealed substantial price cuts for its models, with reductions for the Kwid, Triber, and Kiger reaching up to Rs 96,395.
Under the newly implemented GST 2.0 framework, all internal combustion engine (ICE) vehicles are now taxed at either 18 percent or 40 percent.
Smaller cars, including hatchbacks, compact sedans, and compact SUVs, fall into the 18 percent tax bracket, while mid-size, larger, and luxury vehicles are subjected to 40 percent. Previously, ICE vehicles faced a tax rate of 28 percent GST alongside an additional compensation cess ranging from 1 percent to 22 percent, depending on size and engine capacity.
The GST rate for electric vehicles remains steady at 5 percent, while hydrogen fuel cell vehicles (FCEVs) have seen a reduction from 12 percent to 5 percent.
Point of View
It’s crucial to recognize the significant impact of these price reductions on consumer behavior and the auto industry at large. By passing on GST 2.0 benefits, both Mahindra and Toyota not only enhance vehicle affordability but also foster a renewed sense of confidence in the market. As we move into the festive season, this strategic approach is likely to drive demand and encourage competition, benefiting consumers across the nation.
NationPress
06/09/2025
Frequently Asked Questions
What are the price cuts announced by Mahindra?
Mahindra & Mahindra has announced price reductions of up to Rs 1.56 lakh across its ICE SUV portfolio.
How much has Toyota reduced its vehicle prices?
Toyota has reduced its vehicle prices by up to Rs 3.49 lakh, depending on the model.
Which Mahindra models are affected by the price cuts?
The affected Mahindra models include Thar, Scorpio, Bolero, XUV700, and Scorpio-N.
What is the new GST rate for ICE vehicles?
Under the new GST 2.0 framework, ICE vehicles are taxed at either 18 percent or 40 percent.
Are there any price reductions by Renault?
Yes, Renault has announced price cuts of up to Rs 96,395 for its models including Kwid, Triber, and Kiger.
