Overview

• Revised on-road prices become effective PAN India on September 22, with bookings already open at the new rates.
• Announced cuts span roughly Rs 65,000 to Rs 11 lakh by model, with Tata, Mahindra, Hyundai, Toyota, Renault, Skoda, BMW and Mercedes-Benz publishing detailed reductions.
• Luxury and premium models show the steepest absolute drops, including BMW revisions up to about Rs 8.9 lakh and Mercedes-Benz reductions up to Rs 11 lakh, while Toyota trims the Fortuner by Rs 3.49 lakh.
• Dealers report a 10–20% rise in enquiries but caution that conversions may be muted and seasonal factory discounts are likely to be slimmer.
• Industry representatives expect used-car values to fall, with some dealers projecting average declines of up to about 10% as lower new-car prices reset benchmarks.