The recent and positive GST rate cut has sparked a wave of excitement among car buyers across India, especially for those dreaming of owning a new Maruti Suzuki. If you’re in the market for a vehicle in the state of Kerala, this is fantastic news. This article will break down everything you need to know about the significant maruti suzuki after gst rate in kerala price reductions and what it means for your car purchase.
Understanding the GST Rate Change on Cars in India
The Indian government has made a strategic move to revise the Goods and Services Tax (GST) structure on passenger vehicles. The GST rates on cars in India are no longer a one-size-fits-all scenario. To boost the automobile sector, a major GST rate change for small cars in India has been implemented, bringing the tax down from 28% to a flat 18% for cars with engines under 1200cc (petrol) and 1500cc (diesel) and a length of less than 4 meters.
For larger vehicles like SUVs and sedans exceeding these specifications, the GST rate is set at 40%. This new structure has allowed carmakers like Maruti Suzuki to pass on significant savings to consumers, leading to a considerable Maruti Suzuki price reduction after GST.
GST Impact on Maruti Suzuki Cars in Kerala: A Detailed Look
The full effect of this GST change is best understood by looking at the on-road price, which is what the customer ultimately pays. The on-road price is a combination of the ex-showroom price, registration charges (RTO), and insurance. While the GST cut directly reduces the ex-showroom price, it indirectly affects the other components.
Here’s how is car price calculated after GST in Kerala:
- Ex-showroom Price: This is the base price of the car, which has now been lowered due to the GST rate cut.
- Kerala Road Tax: This is a one-time tax levied by the Kerala government based on a percentage of the car’s purchase value (ex-showroom price). Since the ex-showroom price is now lower, the road tax you pay will also be less.
- Insurance: The cost of your car insurance is based on the ex-showroom price. A lower ex-showroom price leads to a lower insurance premium.
- Other Charges: This includes things like the handling fees and Fastag, which may also see minor adjustments.
The combination of these factors results in a significant reduction in the Maruti Suzuki on-road price in Kerala after GST cut.
New Maruti Suzuki Car Prices in Kerala: Your Savings Guide
The Maruti Suzuki GST price list Kerala has been a game-changer. Let’s look at the approximate on-road prices for some of the most popular models in a city like Kochi, taking into account the GST and Kerala road tax for cars after GST cut.
(Note: Prices are approximate and may vary depending on the specific variant, dealership, and ongoing offers.)
This table highlights the tangible benefits for buyers in Kerala. You are not only saving money on the vehicle itself but also on the associated taxes and insurance, making this the best time to buy a new car.
The Power of Maruti Suzuki’s New Pricing Strategy
This move by Maruti Suzuki is more than just a price cut; it’s a strategic effort to stimulate the economy and make car ownership accessible to a wider audience. The company has a diverse portfolio covering almost every segment, from the affordable Alto to the premium Grand Vitara and Invicto. The GST cut, therefore, impacts almost all of their models, ensuring that everyone can find a great deal.
Whether you are a first-time car buyer or looking to upgrade to a better model, the current prices offer an unbeatable value proposition. The price reductions are especially notable in the entry-level and compact segments, which are historically the highest-selling categories in the Indian market.
Frequently Asked Questions (FAQs)
1. Is the GST cut applicable to all Maruti Suzuki models?
The GST cut primarily applies to models that fall under the “small car” category (engine capacity under 1200cc for petrol and 1500cc for diesel, and length under 4m). However, even some larger vehicles and SUVs have seen price rationalization due to a simplified tax structure.
2. How does the GST rate change affect my on-road price?
The GST rate change for small cars in India directly reduces the ex-showroom price. Since the RTO tax in Kerala is a percentage of the ex-showroom price, and insurance is based on it, the total on-road price also drops, leading to greater savings for you.
3. What is the Kerala road tax for cars after GST cut?
The Kerala road tax remains a percentage of the ex-showroom price. The tax slabs based on the vehicle’s price have not changed, but because the ex-showroom price is lower, the tax amount you pay will be less.
4. Are these new prices effective immediately?
Yes, Maruti Suzuki has implemented the new pricing across all its Arena and Nexa dealerships nationwide, including Kerala. You can contact your nearest dealership to get the latest price list and on-road price details.
5. Can I get a detailed breakdown of the on-road price for a specific model?
Yes, you can visit any authorized Maruti Suzuki dealership in Kerala. They will provide a detailed price breakup that includes the new ex-showroom price, Kerala road tax, insurance, and other charges, so you know exactly what you are paying.
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