If you’ve been planning to buy a new Mahindra XUV700 around Diwali, now could be a good time. The SUV maker has announced a massive price cut on the XUV700, passing on the GST rate cut benefits to customers before the new rates take effect on September 22. Mahindra has also shared variant-wise savings on its popular models.
The tax rate on large SUVs has dropped from 48% to 40%, leading to savings between Rs 88,900 and Rs 1.43 lakh, depending on the variant. The XUV700 falls under the SUV category, with the new GST rates applying to vehicles over 4 metres in length and with an engine capacity above 1,500 cc.
Until now, these vehicles were taxed at 28% GST plus a 20% cess, making the total 48%. With the new rules, the tax has been simplified to a flat 40%.
Mahindra XUV700: Variant-wise savings
Except for the base variant, all the trims now get cheaper by over Rs 1 lakh. You can visit your nearest Mahindra dealership for more details.
Price drop on other Mahindra vehicles
Mahindra has announced price cuts on several other models, including the Bolero, Bolero Neo, XUV3XO, Thar Roxx, Thar, Scorpio Classic, and Scorpio-N. Here is the list:
Bolero and Bolero Neo: Up to Rs 1.27 lakh
XUV3XO: Rs 1.4 lakh (petrol); Rs 1.4 lakh (diesel)
Thar: Rs 1.35 lakh (2WD diesel); Rs 1.01 lakh (4WD diesel)
Thar Roxx: Rs 1.33 lakh
Scorpio Classic: Rs 1.01 lakh
Scorpio-N: Rs 1.45 lakh
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