Key highlights
- GST 2.0 new tax rate slabs announced
- Small hatchbacks to become cheaper by lakhs
- Check the new rates of the popular cars
The Indian government has recently revised the GST rates for the auto industry. The new tax slabs are destined to go live from September 22. See below how your favourite cars will be affected by the new rates.
GST 2.0: These sub-650cc bikes will now cost more from September 22
GST 2.0 effect on cars: New rates of popular hatchbacks
As per the newly revised GST rates, cars under 4-meter length and below 1,200cc (petrol) or 1,500cc (diesel) engine capacity will now be subjected to 10% less GST. Earlier, the tax was 28%, which has been brought down to 18% now. This is set to make the popular hatchbacks cheaper.
Below are some of the top hatchbacks and their new rates:
| Model | Current rate | New rate (approx) | Price difference |
| Maruti Alto K10 | Rs 4.23-6.21 lakh | Rs 3.76-5.53 lakh | Rs 47,000-68,000 |
| Tata Tiago | Rs 5-8.55 lakh | Rs 4.45-7.61 lakh | Rs 55,000-94,000 |
| Maruti WangonR | Rs 5.79-7.62 lakh | Rs 5.15-6.78 lakh | RS 64,000-84,000 |
| Maruti Swift | Rs 6.49-9.65 lakh | Rs 5.78-8.59 lakh | Rs 71,000 to Rs 1.06 lakh |
| Hyundai i20 | Rs 7.15-11.25 lakh | Rs 6.68-10 lakh | Rs 83,000 to Rs 1.24 lakh |
*The above prices are approximate and ex-showroom
New rates of the popular SUVs in GST 2.0
However, the new GST rates are likely to radically revise the prices of the compact SUVs. Some of these are as follows:
| Model | Current rate | New rate (approx) | Price difference |
| Maruti Brezza | Rs 8.79-13.98 lakh | Rs 8.39-13.50 lakh | Rs 30,000-48,000 |
| Tata Nexon (Petrol) | Rs 8-14.70 lakh | Rs 7.32-13.44 lakh | Rs 68,000 to Rs 1.26 lakh |
| Tata Nexon (Diesel) | Rs 10-15.60 lakh | Rs 9.01-14.05 lakh | Rs 99,000 to Rs 1.55 lakh |
| Mahindra XUV 3XO (Petrol) | Rs 7.99-15.80 lakh | Rs 7.31-14.45 lakh | Rs 68,000 to Rs 1.35 lakh |
| Mahindra XUV 3XO (Diesel) | Rs 9.99-14.99 lakh | Rs 9-13.50 lakh | Rs 1-1.5 lakh |
