Lorraine Ashanti (Locomotive Superintendent)
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It is also possible that only certain models see impact. If Maruti reduces GST more for small cars, then resale of small cars may drop more compared to premium ones. WagonR resale may fall, but Ciaz or XL6 resale may not be affected.
Answered for the Question: "How will the change in Maruti Suzuki car GST rate affect resale value of existing cars?"
No, because EVs already have a very low GST rate of 5%. Even with Maruti Suzuki car GST rate coming down to 18% for small cars, it is still higher than 5%. But the real issue is price. EVs are costly. Until battery price falls, EVs remain premium. For now, Maruti petrol cars may look cheaper, but EV buyers are different. They are looking for environment and long-term savings, not just price.
Answered for the Question: "Is the reduction in Maruti Suzuki car GST rate enough to make EVs less attractive in comparison?"