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Automobile Companies Slash Prices Post-GST

Updated on: Jul 13th, 2021

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2 min read

Updates from 03rd July, 2017

The second day of the GST-regime saw many automobile companies cut down prices on the goods produced and sold after July 1st. Japanese auto dealer Toyota has slashed prices by 13%, while Indian motorcycle company HeroCorp brought down the prices on its two-wheelers by INR 400-4000. Market leader Suzuki’s cars are cheaper by 3%, and others like Hyundai and Tata are expected to follow suit.

As reported in The Times of India

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Quick Summary

Post-GST implementation, automobile companies like Toyota, HeroCorp, and Suzuki have cut prices on their products. Hyundai and Tata are expected to do the same. The Times of India advises on maximizing ITC claims and simplifying 2B matching.

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