Cars in India | Autoportal.com
Select City

Diwali
Khushiyon Wali
Book your car via Autoportal between 20st Sept - 19th Oct & you may win a Trip to Malaysia, Gold & much more*! Stand A chance to win a Trip to Malaysia, & much more*!
Know More *T&C Apply

GST Impact on Price of Top 10 Hatchbacks in India

GST Impact on Price of Top 10 Hatchbacks in India

Snapshot: We couldn't help ourselves but come up with a thorough comparison of prices - prior to GST and after GST - of India's top 10 selling hatchbacks.

There has been quite a hullabaloo in the country on the prices of various commodities ever since the Goods & Service Tax (GST) was officially implemented on July 1, 2017. First things first, the GST was introduced to repeal all the existing taxation systems such as VAT, Excise, Service tax etc. to name a few and introduce a single tax system to replace all these. There were several myths and folklores in the mind of masses as whether the prices would go up or down, or even remain the same; would they be benefitted or incur losses, or it won't affect them at all. Even in the world of automobile, buyers were hugely concerned about the prices of their favorite cars and hence, we couldn't help ourselves but come up with a thorough comparison of prices - prior to GST and after GST - of India's top 10 selling hatchbacks.

Learn more about the GST impact on Car Prices and Indian automotive industry!

To start off, Lets speak about existing tax levied on the hatchbacks sold in India with length lesser than 4 meters and engine capacity upto 1200cc. The petrol hatchbacks fulfilling the aforementioned criteria used to attract a total tax of 31.5 percent, comprising of Excise duty, Various cess, NCD and VAT, but with the implementation of GST, it has come down to 29 percent (28 percent tax + 1 percent cess), resulting in a downward revision of 2.5 percent. Thus, making the cars a bit more cheaper and budget-friendly than before. As for the diesel hatchbacks, a total of 33.25 percent tax including Excise, VAT and cess was levied on the Ex. Showroom price, but now with the GST in place, they would attract 31 percent tax (28 percent tax + 3 percent cess), making it lower by 2.25 percent and the cars a bit inexpensive.

Hatchback

 

Price Before GST (Ex. Showroom)

Price After GST (Ex. Showroom)

Maruti Alto 800

2.50-3.77 Lakhs

2.49-3.76 Lakhs

Maruti Alto K10

3.30-4.16 Lakhs

3.29-4.15 Lakhs

Maruti Wagon R

4.15-5.36 Lakhs

4.14-5.34 Lakhs

Maruti Swift

4.80-7.46 Lakhs

4.79-7.46 Lakhs

Maruti Baleno

5.28-8.43 Lakhs

5.26-8.42 Lakhs

Hyundai Eon

3.34-4.60 Lakhs

3.31-4.56 Lakhs

Hyundai Grand i10

4.62-7.36 Lakhs

4.59-7.30 Lakhs

Hyundai Elite i20

5.35-9.07 Lakhs

5.31-8.97 Lakhs

Tata Tiago

3.24-5.61 Lakhs

3.21-5.48 Lakhs

Honda Jazz

5.95-9.27 Lakhs

5.89-9.19 Lakhs

Starting with Maruti Alto, which has been a true 'Bahubali' in the Indian automotive arena ever since its launch way back in 2000. Currently, it is on sale in two derivatives: Maruti Alto 800 and Maruti Alto K10. The former or the latter hasn't been affected much by the GST as the prices are more or less the same as previously. There is a mere reduction of Rs. 1000. The next hatch in the list is Maruti Wagon R, which has stood tall in the grueling competition and made a name for itself amidst heavyweights. It, identical to the Alto, has mostly remained unfazed with the GST, with prices dropping as low as Rs. 1000-2000, depeding upon the variants. The next in the list is the Maruti's magnum-opus product - the Swift, which has also not witnessed any substantial drop in price as they are still the same, save for a reduction around Rs. 1000-1500, depeding upon the variant.

The last Maruti stalwart but certainly not the least in the list is the Baleno, which is sold via the newly opened NEXA network of premium showrooms. It has seen a drop in prices by Rs. 2000-3000, depending upon the variant. Moving on to Hyundai, the second largest automaker in the Indian market, it has three hatchbacks in the list: Eon, Grand i10 and Elite. The entry-level Eon records a slashing in price by Rs. 3000-4000 due to GST, depending upon the variant. The company's blue eyed pot, the Grand i10, sees a drop in prices by Rs. 3000-6000 in the India, while the flagship i20 has prices lower by Rs. 4000-10,000 in the country. Tata Motors' Tiago, which has been doing wonders since its launch, has witnessed a drop in prices by Rs. 3,000-13,000 due to GST. Lastly, the Honda Jazz, which competes with Maruti Baleno and Hyundai i20, has a downward price revision of Rs. 6000-8000 in the domestic market due to GST.

Related car news

  • How will GST impact car prices? 25-05-2017 Pankaj Vig How will GST impact car prices?
  • GST Effect – Top Cars by sales – June 2017 12-07-2017 Pankaj Vig GST Effect – Top Cars by sales – June 2017
  • Impact of GST on Indian car market 16-06-2016 Pankaj Vig Impact of GST on Indian car market
  • Honda Tapukara Factory: Plant visit 06-07-2017 Abhijeet Singh Honda Tapukara Factory: Plant visit
  • Top 10 Best-Selling cars of 2013, In the Indian Market, 23-01-2014 Udit Vishal Top 10 Best-Selling cars of 2013, In the Indian Market,
  • Top 5 audio speakers to buy for your car 17-03-2017 Arjit Garg Top 5 audio speakers to buy for your car
Helpline