Tata Motors Slashes Passenger Vehicle Prices by Up to Rs 1.55 Lakh After GST Revision
Tata Motors has announced significant price reductions across its passenger vehicle lineup, effective September 22, in response to recent GST rate changes. Price cuts range from Rs 67,000 to Rs 1.55 lakh on eight popular models including Nexon, Safari, Harrier, Altroz, Punch, Tigor, Tiago, and Curvv. Additional benefits of Rs 30,000 to Rs 65,000 are also being offered on various models. The Nexon sees the largest price reduction of Rs 1.55 lakh, while the Tiago becomes more affordable with a Rs 75,000 price cut. This move is expected to boost demand in the passenger vehicle segment, especially ahead of the festive season in India.

*this image is generated using AI for illustrative purposes only.
Tata Motors , one of India's leading automobile manufacturers, has announced significant price reductions across its passenger vehicle lineup, effective September 22. This move comes in response to the recent changes in Goods and Services Tax (GST) rates for vehicles.
Price Cuts Across the Range
Tata Motors has implemented price cuts on eight of its popular models:
Model | Price Reduction | New Starting Price |
---|---|---|
Nexon | Rs 1.55 lakh | Rs 7.31 lakh |
Safari | Rs 1.48 lakh | Rs 14.66 lakh |
Harrier | Rs 1.44 lakh | Rs 13.99 lakh |
Altroz | Rs 1.11 lakh | Rs 6.30 lakh |
Punch | Rs 1.08 lakh | Rs 5.49 lakh |
Tigor | Rs 81,000 | Rs 5.48 lakh |
Tiago | Rs 75,000 | Rs 4.57 lakh |
Curvv | Rs 67,000 | Rs 9.65 lakh |
Additional Benefits
In addition to the price cuts, Tata Motors is offering extra benefits ranging from Rs 30,000 to Rs 65,000 on various models, further enhancing the value proposition for potential buyers.
GST Rate Changes
The price reductions come in the wake of the GST Council's decision to revise tax slabs for vehicles. The council has approved limiting tax slabs to 5% and 18% for vehicles meeting specific engine and length criteria. However, larger vehicles will face a higher 40% levy.
Impact on Consumers
These price cuts, ranging from Rs 67,000 to Rs 1.55 lakh, represent a significant saving for consumers. The Nexon, Tata's popular compact SUV, sees the largest price reduction of Rs 1.55 lakh, while the entry-level Tiago hatchback becomes more affordable with a Rs 75,000 price cut.
Market Implications
This move by Tata Motors is likely to boost demand in the passenger vehicle segment, especially as it comes ahead of the festive season in India. The reduced prices, coupled with additional benefits, may attract more buyers and potentially increase Tata Motors' market share in the competitive Indian automotive market.
The price reductions across Tata Motors' portfolio reflect the broader impact of GST revisions on the automotive industry. As other manufacturers may follow suit, this could lead to increased competition and potentially stimulate overall market growth in the passenger vehicle segment.
Historical Stock Returns for Tata Motors
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.29% | -4.88% | -1.28% | -4.99% | -32.25% | +406.51% |