GST ON EV
GST 2.0: Renault cars get cheaper, prices slashed by up to Rs 96,000; Check which models benefit the most with new price list
Renault India has announced significant price reductions across its Kwid, Triber, and Kiger models, passing on the benefits of the new GST 2.0 regime to customers. These popular vehicles are now more affordable by up to Rs 96,395, with the updated prices effective from September 22.
IESA hails GST 2.0, terms it a step forward to meet India's energy storage needs
India Energy Storage Alliance welcomes the new GST 2.0. It sees it as a significant step for India's energy storage needs. The GST Council has accepted key IESA recommendations. It streamlines tax rates for advanced batteries to 18 percent. Some recommendations are still under review. IESA advocates for continued engagement to support domestic manufacturing and clean energy transition.
Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0
Finance Minister Nirmala Sitharaman is preparing for the rollout of the next-generation GST with reduced rates and fewer slabs, effective September 22. Three meetings were conducted to assess GSTN's readiness and the necessary technological upgrades. The GST Council decided to decrease the number of slabs to two: 5% and 18%, with a 40% rate for ultra-luxury and tobacco products.
Spurt in consumption to drive revenue buoyancy, to meet fiscal deficit target of 4.4%: Sitharaman
Finance Minister Nirmala Sitharaman anticipates that increased consumption will offset the Rs 48,000 crore GST shortfall resulting from tax rate reductions. She believes this consumption boost, along with strong Q1 GDP growth, could surpass the projected 6.3-6.8% GDP growth for FY26. The GST overhaul, effective September 22, aims to benefit all citizens through rationalized tax rates on various products.
'Ek baar aap GST dekh lo': PM Modi's nudge ushered in biggest GST reform in 8 years
Prime Minister Narendra Modi’s push led Finance Minister Nirmala Sitharaman to review the GST regime, resulting in a major overhaul. The GST Council approved scrapping 12% and 28% slabs, leaving 5%, 18% and 40% for sin goods. Effective September 22, nearly 400 products will get cheaper, insurance premiums turn tax-free, and compliance will ease for businesses, especially SMEs.
Renault cars price cut: Check new rates of Kwid, Triber and Kiger from Sept 22
Renault cars prices revised: Renault India will reduce vehicle prices by up to Rs 96,395, passing on the full benefit of the recent GST rate cut to buyers. Effective September 22, 2025, the revised pricing aims to boost demand during the festive season. The price cut includes Kwid, Triber and Kiger models.
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GST rate changes are a strategic inflection point for India’s auto industry
The Goods and Services Tax (GST) structure will be simplified. This decision will benefit the automotive sector. Most vehicles and auto components will move to an 18% GST rate. This will make vehicles more affordable. Electric vehicles will have a 5% GST. Luxury vehicles will be in a 40% slab. The new rates will be effective from September 22, 2025.
TVS Motor shares in focus after hyper scooter launch and Nomura upgrade
TVS Motor shares have risen 3% in 2025 but remain 2% lower over the past year. Technically, the stock trades above all key simple moving averages, indicating bullish momentum. However, with the RSI at 80.9, overbought conditions point to a possible near-term pullback. The MACD at 127.7, above center and signal lines, reinforces strong upward momentum.
HDFC Life shares in focus as revised GST structure to kick in from September 22
HDFC Life shares: The insurer announced adoption of the revised GST structure on all insurance products from September 22, 2025. The company said the GST cut will make policies more affordable, boost demand, and aid long-term growth
GST 2.0 gets the green light: What gets cheaper and costlier from September 22?
GST Meeting Cheaper, Costlier: The GST Council has approved changes to India's indirect tax structure. Many daily-use goods will become cheaper from September 22. Food items, consumer goods, and renewable energy devices will see reduced tax rates. However, sin goods and luxury items will remain under higher taxation. Coal will be taxed at a higher rate. Restaurants and lottery services face revised rules.
GST overhaul lifts new-age stocks PB Fintech, Nykaa, FirstCry
The new regime has abolished tax on individual life and health insurance products sold by companies such as LIC, SBI Life Insurance and ICICI Prudential Life Insurance. This move is likely to boost premiums and customer adoption of such products.
Ola Electric shares plunge 8% as Govt slashes GST on two-wheelers with up to 350 cc capacity
Ola Electric shares slumped nearly 8% to Rs 63.71 after the government slashed GST on two-wheelers up to 350cc to 18% from 28%. The move, aimed at boosting ICE vehicle sales, raised concerns over electric two-wheeler demand, sparking heavy trading volumes.
GST rate cuts to spur growth, benefit first-time buyers, middle-income families: Auto industry
The GST Council's decision to reduce tax rates on automobiles has been welcomed by the Indian auto industry, with players anticipating a boost in demand, especially during the festive season. The move is expected to benefit first-time buyers and middle-income families by making vehicles more affordable.
GST 2.0: Biggest gainers and losers of the new tax regime
India has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The changes will impact good from dairy items to cars. New rates take effect from September 22. Daily use items see lower taxes. Cars, TVs, and cement also get tax cuts. Apparel costing over 2,500 rupees will see a tax increase.
Trump’s tariff pains, Modi’s GST relief: Govt gives a reform armour to every Indian
India rolls out GST 2.0 reforms to boost domestic consumption and shield the economy from the impact of US tariffs. The revamped GST structure simplifies tax slabs and lowers rates on essential goods and services, putting more money in the hands of households and businesses. Experts say the reforms could give a meaningful lift to GDP, while rising consumer confidence across urban and rural India signals stronger spending ahead.
Anand Mahindra calls for ‘more reforms to unleash consumption and investment’ after GST rate cuts
On Wednesday, Finance Minister Nirmala Sitharaman unveiled major changes to the GST structure, reducing taxes on a range of items spanning essentials, automobiles, farm inputs and electronic goods. Branded as the “Next-Gen GST Reform,” the decision was pitched as a Diwali gift that would lower household expenses, ease business costs and stimulate wider economic activity.
Big engines, bigger taxes: GST 2.0 hikes duty on luxury cars to 40%
India's new GST overhaul brings significant tax changes to the automobile sector. Small petrol and diesel cars will benefit from reduced rates, while luxury vehicles and high-end electric cars face increased levies. This shift aims to simplify the tax structure, potentially boosting sales of smaller vehicles but impacting the growth of the premium EV market.
GST Council revises tax slabs for automobiles: Small vehicles get relief while SUVs face higher levy
The GST Council has announced a restructuring of tax rates for the automobile sector, effective September 22, 2025. Mass mobility vehicles like smaller cars and motorcycles up to 350cc will see reduced GST rates, dropping from 28% to 18%. Conversely, larger cars, SUVs, motorcycles above 350cc, yachts, and personal aircraft will face a higher tax rate of 40%.
EVs to continue at 5% GST rate as Council opts for clean mobility push
The GST Council has decided to maintain the 5% concessional GST rate on all electric vehicles, providing a boost to India's clean mobility initiatives. This decision ensures that both mass-market and luxury EVs will avoid potential price increases under the new GST structure.
Market in wait-and-watch mode looking for festive trigger; GST cuts may boost consumption: Amnish Aggarwal
Markets are in a wait-and-watch phase ahead of the GST Council meet, said Amnish Aggarwal of Prabhudas Lilladher. Potential GST cuts on FMCG, autos, and consumer durables could spur festive demand, while PSU banks look attractive; IT remains weak, and selective opportunities exist in chemicals.
GST uncertainty weighs on auto stocks; 10 counters to benefit from rate changes: Sunny Agrawal
Auto stocks slipped as investors await clarity on GST hike for luxury cars and EVs. Analysts say the impact hinges on whether the higher tax applies to vehicles above Rs 20 lakh or Rs 40 lakh, with M&M largely shielded if the latter prevails.
GST Council Meeting: Hour of GST 2.0 arrives; all eyes on Team Modi's Diwali gifts for Indian economy
The keenly-watched GST Council meeting is underway. It will potentially overhauling India's tax structure by reducing it to two primary slabs of 5% and 18%, alongside a 40% rate for luxury items. This reform aims to boost consumption and simplify compliance, but faces opposition from states concerned about revenue losses and compensation mechanisms, particularly regarding the compensation cess.
GST Council meets Wednesday; tax cuts on daily use items in offing
The Goods and Services Tax Council will soon consider a major GST reform. The Centre proposes to reduce tax rates on many daily use items. Electric vehicles may see a 5 percent tax. Most common food items could move to the 5 percent tax bracket. Electronic items may also become cheaper. Opposition states seek compensation for potential revenue loss.
GST panel calls for steep levies on luxury EVs in blow for Tesla, BMW
GST Council panel has suggested significant consumer levy increases on luxury electric vehicles priced above $46,000, potentially impacting Tesla, Mercedes-Benz, BMW, and BYD sales. This proposal contrasts with Prime Minister Modi's broader tax reform efforts, which aim to reduce taxes on many goods.
Tata, M&M shares hit as report on higher GST for luxury EVs sparks concerns
Shares of Tata Motors, M&M, and Hyundai fell as reports suggested the GoM may raise GST on luxury EVs ahead of the September 3–4 Council meeting. Higher levies on EVs above Rs 20 lakh could affect sales and demand, particularly for high-end models from Tesla, Mercedes, and BMW.
Festive season, GST cut seen as key triggers for auto demand
The latest auto sales data paints a mixed picture for the industry. While two-wheelers and tractors continued to deliver strong performances, passenger vehicle sales remained subdued, leaving analysts watching closely for potential demand revival on the back of an anticipated GST cut.
Auto Inc sounds the horn against higher slab on premium EVs
Electric carmakers are raising concerns over a proposed GST increase on premium EVs, fearing it could hinder the growing adoption of clean mobility in India. The industry argues that maintaining the current 5% GST rate is crucial for price parity with ICE vehicles and sustaining long-term investments in the EV sector.
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