New Delhi, September 23: Following the implementation of new GST rates, car prices have significantly decreased. On Monday, September 22, thousands of cars were sold across the country in a single day. It is estimated that Maruti Suzuki sold over 30,000 cars, while Hyundai broke a five-year record by selling 11,000 cars in one day.

The government introduced new GST rates on September 22, reducing the tax on cars from 28% to 18% and 5%. This has led to a notable price reduction, particularly for cars with engine capacities below 1,200 cc. Overall, prices of cars up to ₹30 lakh have decreased. Automobile companies have fully passed on the benefits of this tax reduction to customers. State Transport Fare Regulation Committee Formed: New Policy for KSRTC Bus Fare Hikes..!

The automobile market witnessed a surge in activity, with dealers recording unprecedented sales. Maruti Suzuki dealers reported 80,000 customer inquiries in a single day. Small cars, in particular, saw significant demand. Blue Heaven Festive Makeup Kit Set | Pack of 8 Makeup Essentials | Complete Makeup Kit Set for women | Ideal for Festive Looks, Gifting & Bridal Makeup | Medium Tone Combo | Pack of 8 | 32.1g+45.5ml

According to the Federation of Automobile Dealers Associations (FADA), showrooms saw a large influx of customers on Monday. The GST rate cut has created a vibrant atmosphere in the automobile industry, making it an ideal time for customers to purchase cars.