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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

Model Old Price New Price Difference
Saga STD MT 1,975,000 1,925,000 50,000
Saga STD AT 2,125,000 2,075,000 50,000
Saga ACE 2,225,000 2,175,000 50,000
X70 Executive AWD 4,690,000 4,590,000 100,000
X70 Premium 2WD  4,990,000 4,890,000 100,000

(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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