Chimples Dwain (Rock Splitter)
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First-time car buyers are going to benefit directly from this change. Earlier, the high tax used to make even entry-level cars a bit costly. Now with the GST rate coming down from 28% to 18% for small cars, the starting models like Alto, WagonR, and S-Presso become more affordable. For many young professionals or small families who were thinking whether to buy a car or not, this reduction can be the trigger. They may save anywhere between ₹30,000 to ₹1 lakh depending on the model. That’s a big relief when you are already planning EMI and insurance. I believe this move will encourage more people to shift from two-wheelers to cars, especially in semi-urban towns where safety and comfort are becoming a priority.
Answered for the Question: "How will the new Maruti Suzuki car GST rate reduction impact first-time car buyers in India?"