The revised New Vehicle GST rates have changed the way buyers look at cars and bikes this festive season. With price cuts in popular segments and fresh offers from manufacturers, this may be the best time to book your dream ride. Let’s explore why.
Impact of New Vehicle GST on Prices
The government’s GST revision has lowered costs for many buyers. Two-wheelers up to 350cc are now cheaper by ₹15,000–₹25,000, making bikes from Royal Enfield, Bajaj, Hero, and Honda more budget-friendly.
In the passenger vehicle segment, the revised GST on new cars also delivers significant savings. Luxury cars now carry the highest cuts, with revised vehicle prices reducing the price up to ₹9 lakh on select models. For the non-luxury segment, buyers can still enjoy strong savings, with discounts ranging between ₹50,000 to over ₹1 lakh on certain vehicles.
Some larger bikes and Superbikes, however, now carry slightly higher prices. Even so, the revised New Vehicle GST continues to favor budget-friendly options and entry-level vehicles.
Festive Offers Add More Value
Manufacturers are combining GST benefits with festive discounts to lure buyers. Exchange bonuses, cash discounts, and easy EMIs make the deal sweeter.
Mahindra has already decided to pass on the GST benefit earlier than expected. Meanwhile, Maruti and Honda are yet to announce their revised price lists, keeping buyers on their toes.
Why Buying Now Makes Sense
Extra Savings on New Vehicles due to GST revision
The New Vehicle GST combined with festive discounts brings some of the best offers in the year.
Better Finance Options
Banks and NBFCs are offering lower EMIs and easy loan approvals this festive season. Pairing these with GST benefits helps cut the overall cost of ownership.
High Demand Ahead
Festive demand is expected to rise quickly. Delaying may reduce your chances of grabbing the best offers under the New Vehicle GST framework.
New Vehicle GST – Final Verdict
Yes, this festive season is the right time to plan and tick your bucket list for vehicles. The revised New Vehicle GST rates, combined with festive discounts and finance schemes, create the perfect opportunity. Waiting might mean higher demand, fewer deals, and possibly higher prices.
So, if a car or bike is on your wishlist, this festive season could be the best time to make it yours.
