{"id":10125,"date":"2025-09-03T20:34:02","date_gmt":"2025-09-03T20:34:02","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/09\/03\/suv-lovers-to-pay-more-big-savings-on-small-cars-bikes-what-buyers-should-know-business-news\/"},"modified":"2025-09-03T20:34:02","modified_gmt":"2025-09-03T20:34:02","slug":"suv-lovers-to-pay-more-big-savings-on-small-cars-bikes-what-buyers-should-know-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/03\/suv-lovers-to-pay-more-big-savings-on-small-cars-bikes-what-buyers-should-know-business-news\/","title":{"rendered":"SUV Lovers To Pay More, Big Savings On Small Cars & Bikes: What Buyers Should Know | Business News"},"content":{"rendered":"


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The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, has proposed to slash GST rates on certain vehicles from 28% to 18%.<\/h2>\n
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The GST cuts will make automobiles more accessible.(Representative Image)<\/p>\n<\/figure>\n

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising ministers from all states, approved sweeping GST cuts on several commodities on Wednesday, bringing a much-needed relief for carmakers and buyers. This will be effective from September 22, 2025, the first day of Navratri.<\/p>\n

GST rates on several automobiles have been slashed from 28% to 18%, making them significantly more affordable. The cuts mean that middle-class households will make big savings on small cars and bikes, providing a boost for Maruti Suzuki, India\u2019s largest carmaker, and its rivals Hyundai and Tata Motors.<\/p>\n

Arvind Shrivastava, Secretary, Department of Revenue, Ministry of Finance, announced that GST on Electric Vehicles (EV) will remain at 5%. However, SUVs and luxury EVs will see a higher GST of 40%, up from 28%. This is a higher slab for select few items.<\/p>\n

The automobile industry had repeatedly urged the government to hasten the implementation of new GST rates, seeking their rollout before the start of the festive season in the second half of September.<\/p>\n

ALSO READ: What Gets Cheaper, What Gets Costlier After GST Council\u2019s Big Tax Reset: Full List<\/a><\/strong><\/p>\n

The major reform comes amid strained trade ties with the US over Donald Trump\u2019s steep tariffs on Indian imports, with Prime Minister Narendra Modi making repeated calls for increased use of Indian products. The proposed tax cuts are aimed at curtailing the impact of the fall in exports to the US due to the recent tariff hike.<\/p>\n

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Hon\u2019ble Prime Minister Shri @narendramodi<\/a> announced the Next-Generation GST Reforms in his Independence Day address from the ramparts of Red Fort.Working on the same principle, the GST Council has approved significant reforms today.<\/p>\n

These reforms have a multi-sectoral and\u2026 pic.twitter.com\/NzvvVScKCF<\/a><\/p>\n

\u2014 Nirmala Sitharaman Office (@nsitharamanoffc) September 3, 2025<\/a><\/p>\n<\/blockquote>\n<\/div>\n

Which Vehicles Will Get Cheaper? (<\/strong>From 28% to 18%)<\/strong><\/h2>\n