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  • 7 weeks ago
In this video, we explore the proposed GST reform on cars, covering key updates on how the current 28% tax slab could be reduced to 18%. Whether you’re following this news for the first time or looking for the latest analysis on how this affects affordable car prices in India, this breakdown has you covered. We'll look at the top 5 models like the Maruti Alto, Tata Tiago, and Renault Kwid, and calculate their potential new prices with savings of up to ₹50,000.

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Motor
Transcript
00:00hi guys and welcome to drive spark and in today's video we're gonna talk about the top five most
00:08affordable cars and their prices after the gst price cut now customers can save up to rupees
00:1450 000 so stay tuned for this video and stay tuned till the end of the video because we are
00:19gonna tell you the top five affordable cars that you can get after the price cut has been done
00:24from the gst reform now indian automobile sector may see a major shift as the government plans to
00:29sweep gst reforms at present cars attract almost 28 gst that's a very high slab and a compensation
00:36sets of 1 to 22 depending on the engine size and the length of the vehicle now this pushes the
00:42effective tax on vehicles to around 29 for small petrol cars and nearly 50 for big suvs making
00:50them expensive for the buyers now electric vehicles are taxed much lower and is just at 5 now as for
00:56a pti report the center is considering a new two-tier gst system with slabs of 5 and 18
01:03percent while a 40 rate will be applied to only selected luxury goods now if this is approved the
01:08automobiles would shift to an 18 bracket replacing the current 28 bracket and that said below listed
01:14are top 5 most affordable cars in india and their respective price post gst reform number one we have
01:21the maruti suzuki alto k10 now the prices for the new alto k10 starts at rupees 4 lakh 23 000 x showroom
01:28while with the updated gst the base variant of this car could cause just rupees 3.87 lakh which is
01:35approximately 36 000 less than the current pricing number two we have the maruti suzuki espresso now the
01:41maruti suzuki espresso is a more stylish option compared to the alto k10 and the prices for this model
01:46currently starts at rupees 4 lakh 27 000 x showroom under the new gst rule this model could just cost
01:53you rupees 3.90 lakh x showroom number three we have the reno quid with the gst reform the reno quid
02:00could be priced closer to the ongoing maruti suzuki espresso with an approximate price tag of just rupees
02:064.3 lakh x showroom now this is 40 000 rupees less than the current x showroom price of the model
02:12number four we have the maruti suzuki celerio now the celerio is a much more desirable model than the
02:17above list models and has a lot of features however it costs rupees 5.36 lakh x showroom now this model
02:24could be out of the budget for many new car buyers so under the new gst reform the celerio could become
02:30as cheap as rupees 4.90 lakh number five we have the tata tiago now the tata tiago carries a starting
02:37price of rupees 5.65 lakh the safest entry level hatchback in india it is not affordable for all
02:43buyers however under the new gst prices for this tiago could go as low as 5.15 lakh x showroom which
02:51is rupees 50 000 less compared to the current pricing so yeah guys these were the top five most
02:57affordable cars and their price after the gst reforms and as i mentioned earlier you could save
03:02up to rupees 50 000 well if this news was informative please give it a thumbs up share and subscribe to
03:08all our social media channels i'm praveet signing out see you next time thanks so much for watching
03:12take care be safe drive safe and i'll see you in the next video
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