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Tata Motors to pass entire GST reduction benefits to commercial vehicle customers; New prices will come into effect from 22nd September
Tata Motors has announced that it will pass on the full benefit of the recent GST reduction on its entire commercial vehicle range to customers. The India’s largest commercial vehicle manufacturer’s entire line-up will get a price reduction, ranging from Rs. 30,000 and going all the way up to Rs. 4.65 lakh.
The updated prices will be effective from September 22, the same day when the revised GST rates come into effect. This move is in line with the reduction in GST on commercial vehicles to 18%. The price reduction will vary depending upon the vehicle category, however, the GST benefits will be valid across the range.
Talking about the potential reduction in price range, the heavy commercial vehicle (HCV) segment will get the highest cut in the range of Rs. 2.80 lakh to Rs. 4.65 lakh. The buses and vans will see a price reduction in the range of Rs. 1.20 lakh to Rs. 4.35 lakh. On the other hand, the intermediate and light commercial vehicle (ILMCV) segment’s price will be reduced between Rs. 1 lakh and Rs. 3 lakh.
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Product | Reduction in price range |
HCV | Rs. 2,80,000 to 4,65,000 |
ILMCV | Rs. 1,00,000 to 3,00,000 |
Buses & Vans | Rs. 1,20,000 to 4,35,000 |
SCV Passenger | Rs. 52,000 to 66,000 |
SCV & Pickups | Rs. 30,000 to 1,10,000 |
The small commercial vehicle (SCV) passenger segment will get a price cut in the range of Rs. 52,000 to Rs. 66,000. The small commercial vehicle (SCV) and pickups will get a price reduction between Rs. 30,000 and Rs. 1.10 lakh.
By reducing prices across the commercial vehicle range, Tata Motors aims to further lower the Total Cost of Ownership (TCO) for transporters, fleet operators, and small businesses. This will encourage faster fleet modernisation with greater access to advanced and cleaner mobility solutions, enabling transporters to reduce costs, improve operational efficiency and increase profits.
Also Read: Tata Officially Announces GST Price Reduction – Up To Rs. 1.55 Lakh
Speaking on the price reduction, Mr. Girish Wagh, Executive Director, Tata Motors, said, “The reduction in GST on commercial vehicles to 18% is a bold and timely step towards revitalizing India’s transport and logistics backbone. Tata Motors is proud to extend the full benefit of the GST reduction on all our commercial vehicles to customers across the country. With a rich legacy of trust and an expansive portfolio of future-ready vehicles and mobility solutions, we continue to be the partner of choice for those who move India forward- empowering businesses, enabling mobility, and fueling growth.”
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