Car Prices Reduced Amid Tax Cuts

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The government finally announced the much-awaited Auto Policy 2021-26 which offer tax concessions on various segments resulting in a considerable decrease in prices of locally assembled vehicles. Prices have come down by Rs 50,000 to up to Rs 400,000 depending on the vehicle. Revised prices will be effective from the 1st of July 2021.

Related: New Auto Policy 2021-26 Announced

Most automakers have already announced their revised prices however some are yet to make an announcement regarding price reductions, so keep checking back since this post will be updated accordingly.

Toyota

Model Old Price New Price Difference 
Yaris GLi 1.3L MT 2,509,000 2,409,000 100,000 
Yaris GLI 1.3L CVT 2,689,000 2,589,000 100,000 
Yaris Ativ 1.3L MT 2,619,000 2,519,000 100,000 
Yaris Ativ 1.3L CVT 2,769,000 2,669,000 100,000 
Yaris Ativ X 1.5L MT 2,829,000 2,719,000 110,000 
Yaris Ativ X 1.5L CVT 2,999,000 2,899,000 100,000 
Corolla Altis 1.6L MT 3,219,000 3,109,000 110,000 
Corolla Altis 1.6L AT 3,369,000 3,249,000 120,000 
Corolla Altis 1.8L CVT 3,699,000 3,579,000 120,000 
Altis Grande 1.8L CVT (Beige interior) 3,979,000 3,869,000 110,000 
Altis Grance 1.8L CVT (Black interior) 3,999,000 3,889,000 110,000 
Fortuner 2.7 G 7,999,000 7,649,000 350,000 
Fortuner 2.7 V 9,299,000 8,899,000 400,000 
Fortuner 2.8 Sigma4 9,649,000 9,269,000 350,000 
Hilux Revo G MT 6,549,000 6,249,000 120,000 
Hilux Revo G AT 6,899,000 6,779,000 120,000 
Hilux Revo V AT 7,499,000 7,379,000 120,000 

Honda

Model Old Price New Price Difference 
Civic 1.8 3,729,000 3,614,000 115,000 
Civic 1.8 Oriel 3,979,000 3,864,000 115,000 
Civic 1.5 Turbo RS 4,699,000 4,564,000 135,000 
BR-V 1.5L CVT-S 3,479,000 3,374,000 105,000 

Suzuki

Model Old Price New Price Difference 
Alto VX 1,198,000 1,134,000 85,000 
Alto VXR 1,433,000 1,335,000 98,000 
Alto VXL AGS 1,633,000 1,521,000 112,000 
Wagon R VXR 1,640,000 1,530,000 110,000 
Wagon R VXL 1,730,000 1,610,000 120,000 
Wagon R AGS 1,890,000 1,760,000 130,000 
Cultus VXR 1,780,000 1,655,000 125,000 
Cultus VXL 1,970,000 1,830,000 140,000 
Cultus AGS 2,130,000 1,975,000 155,000 
Swift DLX 2,030,000 1,972,000 58,000 
Swift A/T 2,210,000 2,148,000 62,000 
Bolan VX 1,134,000 1,049,000 85,000 

Hyundai

Model Old Price New Price Difference 
Tucson GLS Sport 5,099,000 4,979,000 120,000 
Tucson Ultimate 5,599,000 5,469,000 130,000 
Elantra GLS 4,049,000 3,899,000 150,000 

Kia

Model Old Price New Price Difference 
Picanto M/T 1,899,000 1,781,000 118,000 
Picanto A/T 2,049,000 1,922,000 127,000 
Sportage Alpha 4,399,000 4,294,000 105,000 
Sportage FWD 4,899,000 4,782,000 117,000 
Sportage AWD 5,399,000 5,270,000 129,000 
Sorento 2.4 FWD 6,999,000 6,836,000 163,000 
Sorento 2.4 AWD 7,999,000 7,812,000 187,000 
Sorento 3.5 V6 8,399,000 8,203,000 196,000 

Regal (DFSK/ Prince)

Model Old Price New Price Difference 
Prince Pearl 1,199,000 1,111,000 88,000 
Glory 580 Pro 1.5T 4,699,000 4,610,000 89,000 
Glory 580 1.5T 4,299,000 4,229,000 70,000 
Glory 580 1.8L 4,449,000 4,379,000 70,000 

United

Model Old Price New Price Difference 
United Bravo 1,099,000 1,030,000 69,000 
United Alpha 1,445,000 1,350,000 95,000 

Changan

Model  Old Price  New Price  Difference  
Alsvin 1.3 MT 2,199,000  2,149,000  50,000  
Alsvin 1.5 DCT 2,449,000  2,399,000  50,000  
Alsvin Lumiere 2,650,000  2,589,000  61,000  
Karvaan  1,490,000  1,399,000  91,000 
Karvaan Plus 1,640,000 1,539,000 101,000 

Proton

ModelOld PriceNew PriceDifference
Saga STD MT1,975,000 1,925,000 50,000
Saga STD AT2,125,000 2,075,000 50,000
Saga ACE2,225,000 2,175,000 50,000
X70 Executive AWD4,690,000 4,590,000 100,000
X70 Premium 2WD 4,990,0004,890,000100,000

(Although most automakers have announced their prices revisions, there are few including Isuzu, MG & FAW which are yet to decrease the prices of their products yet. The above list will be updated as soon as the revision is announced by these companies)

Related: Govt to Introduce New Car Financing Scheme for Small Car Buyers

The decrease in prices is expected to bring positive results for the auto industry with sales likely to go up. Furthermore government will introduce a new car financing scheme with lower interest rates to facilitate customers & first-time car buyers.

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