GST 2.0 slashes small-car tax to 18%: Nexon, Brezza, Creta, Swift see big price cuts
India’s new GST 2.0 lowers tax on small cars to 18% and keeps EVs at 5%, triggering price cuts from ₹40,000 to as high as ₹8.9 lakh on select models. Hyundai has announced reductions, Tata has started rolling them out, and Maruti is expected to follow. Larger vehicles move to a flat 40% without cess. The reform aims to boost demand and make cars more affordable ahead of the festive season.
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