GST 2.0 Effect: Hyundai Cars Price Reduced By Up To Rs. 2.40 Lakh

Hyundai India has rolled out significant price reductions across its passenger vehicle lineup after the government introduced GST 2.0. This reform announced during the 56th GST Council meeting, has simplified tax slabs and lowered rates for certain categories of cars. Starting September 22 customers can expect reduced ex showroom prices making Hyundai’s popular cars and SUVs more affordable. The largest benefit comes with the Tucson which has seen a reduction of Rs.2,40,303

New GST Tax Slabs Under GST 2.0

GST 2.0 has introduced new, simplified slabs for passenger vehicles changing the overall tax structure

This change is designed to reduce ownership costs encourage more buyers and strengthen transparency in car pricing

Hyundai Models And Their Price Reductions

Hyundai has passed on the entire benefit of GST 2.0 to its buyers. Reductions vary across models, offering something for every customer group.

GST 2.0 Impact On Petrol, Diesel, And EV Models

• Petrol and Diesel Cars: Internal combustion engine cars benefit the most, with price cuts ranging up to Rs. 2.40 lakh depending on the model.
• Electric Vehicles (EVs): Prices for EVs remain unchanged as GST rates on EVs were not revised in GST 2.0.

Hyundai’s Response To The Tax Reform

Unsoo Kim, Managing Director of Hyundai Motor India, described the move as progressive and beneficial for the automobile sector. According to him, the reform will make personal mobility easier to access for millions while also giving a boost to industry growth. He emphasized that Hyundai will continue supporting India’s journey with vehicles that combine innovation, value, and driving pleasure.

Benefits For Customers

With GST 2.0 and Hyundai’s full transfer of benefits, customers now enjoy several advantages:

• Lower car loans and EMIs due to reduced ex-showroom prices.
• Wider model choices within the same budget.
• Improved value for money, with premium features more accessible.
• Better opportunities for first-time buyers as the entry price drops.

How The Automobile Industry Gains

The Indian automobile industry, which had been struggling with rising costs and slowing demand, is likely to benefit from these changes.

Hyundai’s decision comes alongside similar announcements by other carmakers such as Renault Toyota, and Mahindra. With multiple brands reducing prices competition is set to intensify giving customers more options and better deals

The GST 2.0 reform is a turning point for the automobile industry in India. Hyundai’s immediate price cuts across its range underline the company’s focus on affordability and customer satisfaction. With significant savings across hatchbacks, sedans and SUVs, buyers now have more reasons to consider upgrading or purchasing their first car. For many the festive season starting September 22 could be the best time to bring home a new Hyundai