Kia India extends full GST benefits to customers

Following is a table that lays out the Hyundai car prices with reduced GST:

Commenting on the announcement, Gwanggu Lee, Managing Director and CEO of Kia India, said, "We welcome the Government of India's visionary citizen-centric reforms to reduce the GST on passenger vehicles. This transformative measure represents a progressive and timely decision towards making vehicle purchase more affordable for consumers and bringing a boost to the automotive sector's growth. In line with this vision, we are proud to pass on the full benefit of the GST rate reductions to our customers, ensuring more affordability and greater accessibility."

He further added, "This significant reform simplifies the taxation framework and reinforces the government's commitment to sustainable economic growth and innovative mobility solutions. We are confident this move will energize consumer sentiment and drive demand during the upcoming festive season."

On Sunday, Hyundai Motor India (HMIL) also vowed that it will pass on the complete benefit of the recent GST rate reduction on passenger vehicles to its customers right from the date the revised GST rates come into effect.

The carmaker said buyers will save money in the range of Rs 73,808 to Rs 2.40 lakh, depending on the Hyundai car variant they choose this festive season.

Unsoo Kim, Managing Director, Hyundai Motor India Limited, said, in a statement, "We sincerely appreciate the progressive and far-sighted move by the Government of India to reduce GST on passenger vehicles."

"This reform is not only a boost to the automotive industry but also a strong step towards empowering millions of customers by making personal mobility more affordable and accessible. As India moves forward on the path of Viksit Bharat, Hyundai remains committed to aligning with the nation's growth ambitions by ensuring our cars and SUVs continue to deliver value, innovation and joy of driving," Unsoo Kim added.

The automobile sector, one of the largest contributors to the Indian economy, will also benefit from the GST reforms.

Petrol and petrol hybrid cars, along with LPG and CNG variants not exceeding 1200 cc and 4000 mm in length, will now be taxed at 18 per cent instead of 28 per cent.

Diesel and diesel hybrid cars of up to 1500 cc and 4000 mm will see the same reduction. (ANI)