Ford India has announced to offer discounts of up to Rs 30,000 on its popular range including EcoSport, Aspire and Figo. This has been announced to pass on benefits of new tax rates under GST, which is set to be rolled out in July. The American automaker is giving discounts on the Ford EcoSport in the range of Rs 20,000 to Rs 30,000. Now, this compact SUV is priced at Rs 7.18 lakh for base variant and Rs 10.76 lakh (ex-showroom, Delhi). Read More – GST Impact On Cars & Bikes
Ford’s entry level cars – Figo and Aspire – are now cheaper by Rs 10,000 to Rs 25,000, depending upon the variant. The Figo hatchback is priced in the range of Rs 4.75 lakh to Rs 7.73 lakh. On the other hand, the Aspire compact sedan cost Rs 5.44 lakh for base model and Rs 8.28 lakh for the range-topping model. Please note all the prices are ex-showroom, Delhi.
“We are happy to pass on (to customers) the expected benefits of GST ahead of its actual implementation,” Ford India vice-president sales Vinay Raina told PTI. Read More – Ford Figo All You Need To Know
Besides German trio, Ford is the fourth auto major that announces price cut post GST roll out announcement. Last week, Audi announced to reduce prices of its entire model range in India by up to Rs 10 lakh till June 30. The company currently sells a range of luxury cars, ranging from A3 sedan to A8 premium sedan, priced between Rs 30.5 lakh and Rs 1.15 crore.
German luxury maker BMW also offered benefits up to 12 per cent on ex-showroom prices. Adding to it, the company also gives additional benefits that include reduced rate of interest of 7.9 per cent, complimentary service and maintenance for three years and one year complimentary insurance. Mercedes has also reduced prices of its locally produced cars by up to Rs 7 lakh to pass on benefits of new tax rate under GST due in July. The company currently sells products starting from CLA to Maybach S 500, priced between Rs 32 lakh and Rs .87 crore (ex-showroom Delhi). These vehicles saw a price reduction in the range of Rs 1.4 lakh to Rs 7 lakh.
Post GST, Luxury cars are expected to get cheaper due to lower tax range as compared to the outgoing tax system. From July, cars will have the rate of 28 per cent with a cess in the range of 1 to 15 per cent on top of it. While small petrol cars with engine less than 1200 cc will attract 1 per cent cess, those with a diesel engine of less than 1500 cc will attract 3 per cent cess. Large cars with engine greater than 1,500 cc and SUVs with length more than 4 metres and engine higher than 1,500 cc will attract cess of 15 per cent.
