Top 5 Compact SUVs With GST 2.0 Benefits – Up To Rs. 1.64 Lakh

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This article lists the complete details of top 5 compact SUV models getting cheaper after the introduction of GST 2.0 in India

Post the introduction of GST 2.0, several leading automakers such as Maruti Suzuki, Hyundai and Kia have slashed the prices of their entire product range in the Indian market. This includes hatchbacks, sedans, compact SUVs and midsize SUVs among other popular models. In this piece, we will talk about the top 5 compact SUVs which have become cheaper after the recent roll out of GST reforms.

1. Maruti Brezza

Though it measures under 4 metres in length but comes with a 1.5L petrol engine, hence Maruti Brezza didn’t qualify for maximum benefits under the revised GST rates. It has been placed in the 40 percent GST slab as compared to the earlier 45 percent (28 Percent GST + 17 Percent Cess) and therefore, it has become economical than before but not as much as the other sub 4 metre cars in the segment with engine lesser than 1200cc capacity.

Maruti Brezza is presently priced in a bracket of Rs 8.69-13.98 lakh (ex-showroom) with 45 percent GST. However, from Sep 22, it is expected to be more affordable by Rs 30,000-48,000, depending upon the variant due to lower tax rate of 40 percent. The Brezza could be priced in a range of Rs 8.39-13.50 lakh (ex-showroom) post the GST revision.

Also Read: 5 New Maruti Suzuki SUVs Arriving Up Next In India – EV, Hybrid & More

2. Hyundai Venue

Hyundai Venue gets the maximum benefits from GST 2.0 as it gets a price cut of up to Rs 1.32 lakh in the Indian market. Both the petrol (1.0L and 1.2L) and diesel (1.5L) variants of the SUV have undergone significant price reduction due to the revised GST rates. Earlier, Hyundai Venue petrol and diesel were taxed at 29 percent (28 Percent GST + 1 Percent Cess) and 31 Percent (28 Percent GST + 3 Percent Cess), respectively, but now are placed in 18 percent GST slab.

Hyundai Venue comes in a price range of Rs 7.94-13.38 lakh (ex-showroom). However, post GST 2.0, it will be sold between Rs 7.26-12.05 lakh (ex-showroom) in the country. Hence, as we can see the range-topping diesel variant gets cheaper by 1.32 lakh while the base variant price is reduced by Rs 68k.

3. Kia Sonet

Identical to its Hyundai sibling, Kia Sonet enjoys maximum benefits under GST 2.0 as the company has slashed its price by up to Rs 1.64 lakh in the domestic market. The Sonet, akin to the Venue, used to attract 29 percent (28 Percent GST + 1 Percent Cess) and 31 Percent (28 Percent GST + 3 Percent Cess) tax for the petrol and diesel trims, respectively. However, after the restructured GST, it is placed in 18 percent slab irrespective of the fuel trim.

Kia Sonet price starts at Rs 8 lakh and goes as high as Rs 15.74 lakh for the top-end GTX Plus DT diesel-automatic variant. However, after the revised GST rates, it will be retailed in a price range of Rs 7.30-14.10 lakh, thus becoming economical by Rs 70k-1.64 lakh in the Indian market.

Also Read: 5 Upcoming 7-Seater Hybrid SUVs In India – Hyundai To Toyota

4. Tata Nexon

Tata Motors recently announced that the Nexon compact SUV price will be reduced by up to Rs 1.55 lakh in our market, which will come into effect from Sep 22. Similar to Hyundai Venue and Kia Sonet, Tata Nexon petrol and diesel variants were placed in 29 percent (28 Percent GST + 1 Percent Cess) and 31 Percent (28 Percent GST + 3 Percent Cess) tax category, respectively. However, after the GST 2.0, all the variants of the Nexon attract an uniform GST of 18 percent.

Tata Nexon is currently priced in a range of Rs 8 lakh – 15.40 Lakh. However, from Sep 22, it will be available to customers in a price bracket of Rs 7.32-13.88 lakh and hence becoming more economical by Rs 68k-1.55 lakh.

5. Mahindra XUV 3XO

While every other automaker will implement the revised pricing post GST 2.0 from Sep 22, Mahindra is the only auto brand in the country to have started offering these benefits from Sep 6 itself. The XUV 3XO, the company’s only sub 4 metre SUV price has been slashed by Rs 1.40 lakh and Rs 1.56 lakh for the petrol and diesel variants, respectively, as they are now taxed at 18 percent as compared to earlier slabs of 29 percent and 31 percent.

The SUV was available in a price range of Rs 7.99-15.80 lakh before the announcement of GST 2.0 in the country. Now, it is retailed between Rs 7.28-14.40 lakh as prices have dropped by Rs 71k-1.56 lakh, depending upon the variant.

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