Hyundai, Tata Motors shares in focus on announcing price cuts following GST reform

Shares of Hyundai Motor India and Tata Motors will be in focus on Monday, September 8, after both automobile giants announced major price reductions across their vehicle portfolios. The move comes as the companies pass on the benefits of the recent Goods and Services Tax (GST) rate cuts to consumers.

Hyundai has reduced prices by up to Rs 2.4 lakh across its entire passenger vehicle lineup. Tata Motors, on the other hand, announced price cuts of up to Rs 4.65 lakh for its commercial vehicle range. Both companies stated that the price reductions will take effect from September 22, coinciding with the implementation date of the revised GST rates.

Hyundai’s revised pricing spans a wide range, starting from a cut of Rs 60,640 for its Verna sedan to Rs 2.4 lakh for the premium SUV Tucson. The automaker stated that customers can expect to save between Rs 73,808 and Rs 2.4 lakh, depending on the variant purchased during the upcoming festive season.

“This reform is not only a boost to the automotive industry but also a strong step towards empowering millions of customers by making personal mobility more affordable and accessible,” said Unsoo Kim, Managing Director of Hyundai Motor India, according to reports.

Tata Motors also confirmed that it would pass on the full GST benefit to customers purchasing its commercial vehicles. Price reductions across Tata’s commercial vehicle lineup will range from Rs 30,000 to Rs 4.65 lakh. The company had earlier announced price cuts in its passenger vehicle segment as well.

Also read: Vijay Kedia’s Big Bets: 6 stocks surge up to 45% in 5 months — Do You Own Any?The GST rationalisation, announced by the government on September 3, is part of its broader next-generation reforms aimed at reducing the tax burden and stimulating economic activity in key sectors. The automobile industry, one of the largest contributors to the Indian economy, is expected to be among the primary beneficiaries of the reform.Both automakers have welcomed the government’s move, with Hyundai calling it a “progressive and far-sighted” step.

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