Overview

• Hyundai, Tata, Mahindra, Toyota, Renault, Nissan, Lexus, Audi, Mercedes and BMW detailed model-wise reductions effective Sept. 22, with cuts ranging from tens of thousands to several lakh rupees.
• Hyundai listed reductions up to Rs 2.4 lakh, Tata up to Rs 1.55 lakh and Mahindra up to Rs 1.56 lakh, while Toyota’s Fortuner drops by up to Rs 3.49 lakh and Lexus quoted steep trims across its lineup.
• Luxury brands announced sizable cuts as the 40% flat rate replaces the earlier GST-plus-cess structure, with Audi and Mercedes price drops reaching several lakh rupees.
• Used-car prices are expected to soften by up to about 10%, dealers said, as lower new-car prices reset valuations and reduce the scope for year-end discounts.
• FMCG companies told the government they need roughly a month to rework packaging and clear old stock, signaling that retail price reductions on groceries and personal care could roll out in phases, while motorcycles above 350cc face higher costs under the 40% slab and manufacturers have sought a uniform rate.