The government’s GST rate cuts have begun to show their effects across every sector. The automotive sector has also seen the impact. Hyundai Motor India will pass on GST benefits to customers with price cuts of up to ₹2.4 lakh. The new prices take effect from September 22, just before the festive season.
Hyundai’s Tucson To Get Maximum Benefits
The Hyundai Tucson will see the biggest price drop of ₹2,40,303. This makes the premium SUV much more affordable for buyers.
Price Cuts Across All Models
Other popular Hyundai models will also become more affordable. The Grand i10 Nios, Aura, Exter, i20, Venue, Creta, and Alcazar will see cuts between ₹60,000 to over ₹1.2 lakh.
Company Statement
Unsoo Kim, Managing Director of Hyundai Motor India Limited, said, “We sincerely appreciate the progressive and farsighted move by the Government of India.” He added that this reform makes personal mobility more affordable and accessible. He also emphasised Hyundai’s commitment to supporting India’s growth by delivering cars and SUVs that offer value, innovation, and driving pleasure.
New GST Rules Explained
Small cars: Under 4 meters with petrol engines up to 1200cc or diesel up to 1500cc now have 18% GST instead of 28%.
Larger cars: Bigger cars with a larger engine face 40% GST, but the additional cess is removed.
Festive season timing
Hyundai announced these cuts just before the festive season, when car sales typically increase. The company expects better customer response during this high-demand period.
Industry Impact
The company calls the changes GST 2.0 and expects them to reduce car ownership costs. This should help increase demand in the auto sector and boost long-term customer confidence in India’s car market.
The new pricing takes effect from September 22, giving buyers a chance to save money during the festive season purchases.
These GST reforms mark a major shift in India’s auto policy. Lower taxes on small cars encourage fuel-efficient vehicles, while the new structure simplifies the tax system. The company’s quick response to pass on benefits shows its commitment to India’s customers.
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