GST Reduction Impact on Cars

The GST on small cars, two-wheelers, buses, and trucks has been reduced from 28% to 18%. Petrol cars under 1200cc and diesel cars under 1500cc (under 4000mm length) will be taxed at 18%. SUVs and larger cars will be taxed at 40% (down from 45-50% with cess), while EVs remain at 5%.