New Delhi, Sep 6
Renault India announced a significant price reduction for its cars on Saturday, following the rollout of GST 2.0, passing the entire benefit on to customers.
Prices of its three models — Kwid, Triber and Kiger — have been slashed by up to Rs 96,395.
As per the French carmaker, with this revision, the Kwid now starts at Rs 4,29,900 (ex-showroom), while both the new Triber and the new Kiger begin at Rs 5,76,300 (ex-showroom).
For electric vehicles, the GST rate remains unchanged at 5 per cent, while hydrogen fuel cell vehicles (FCEVs) have seen a reduction from 12 per cent to 5 per cent.
Other automobile majors like Mahindra and Mahindra, Maruti Suzuki and others will likely follow suit anytime before the new GST rates come into effect on September 22.