Will the Maruti Suzuki car GST rate cut make entry-level cars more attractive than used cars?

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2 answer(s)
Answer # 1 #

Yes, it will reduce the price gap between new and used cars. If a new WagonR is cheaper by ₹60,000, many buyers will prefer new over used. Used cars will still sell, but their resale value may go down. The attraction of new cars has increased.

[6 Day]
Answer # 2 #

Not completely. Used cars are still far cheaper than new ones. Even after GST cut, a used car can cost 40–50% less. For budget buyers, used cars remain more attractive.

[6 Day]