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Tata Motors To Cut Car Prices By Up To ₹1.55 Lakh From Sept. 22 Under GST 2.0

The move follows GST 2.0 that lowers small-car tax to 18% with a flat 40% for bigger models after the compensation cess ended.

Overview

  • The revised Tata Motors prices take effect on September 22, the day the new GST slabs go live.
  • Model-wise cuts include Tiago ₹75,000, Tigor ₹80,000, Altroz ₹1.10 lakh, Punch ₹85,000, Nexon up to ₹1.55 lakh, Curvv ₹65,000, Harrier ₹1.40 lakh, and Safari ₹1.45 lakh.
  • Managing director Shailesh Chandra said the company will pass the entire tax benefit to buyers to improve affordability.
  • GST 2.0 sets 18% GST for petrol, LPG, and CNG cars up to 1,200 cc and diesel up to 1,500 cc within about 4,000 mm in length, while larger vehicles face 40%.
  • The compensation cess has been discontinued, qualifying hybrids move to 18%, and electric vehicles keep a 5% rate.