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Automakers cut prices to pass on GST benefit to clients

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Automakers Nissan, Skoda and Isuzu Motors have reduced prices of passenger vehicles in India by upto Rs 2.4 lakh to pass on benefit of goods and services tax(GST) to customers.Tata Motors has cut prices of its commercial vehicles by upto 8.2 percent, while Bajaj Auto´s Austrian arm KTM dropped prices of its sports bikes in the country.Japanese automaker Nissan announced reduction in prices of its vehicles, including the Dats unbrand, by an average of three percent in the country. The company sells a range of vehicles under Nissan and Dats unbrands, ranging from hatch back Redi Go to SUV Terrano, in Indian market. Czech car maker Skoda reduced prices of Superb model range by upto 7.3 percent in Mumbai, resulting in a price benefit of up to 2.4lakh. Hyundai Motor India also said it has reduced prices of its vehicles by upto 5.9 percent to pass on GST benefit to customers.

Business Standard New Delhi, 07th July 2017

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