Hyundai Kona prices reduced by Rs 1.58 lakh after GST revision for EVs

The reduced Kona Electric price is effective from August 1, 2019

International:-Hyundai Motor India on Friday said it has marked down cost of Kona EV by around Rs 1.58 lakh so as to pass the advantage of decreased GST on such models to clients.

The model is presently evaluated at Rs 23.71 lakh as contrasted and Rs 25.3 lakh prior.

The marked down Kona Electric cost is compelling from August 1, 2019, Hyundai Motor India said in an announcement.

The organization said it has effectively gotten 152 appointments for the model which will be sold from 15 vendors in 11 urban areas.

On Thursday, Tata Motors had declared value cut on Tigor EV by up to Rs 80,000.

A week ago, the powerful GST Council chose to lessen the expense rate on electric vehicles (EVs) to 5 percent from the current 12 percent successful from August 1.

It likewise sliced the Goods and Services Tax (GST) on EV chargers from 18 percent to 5 percent.

Mahindra diminishes e-Verito cost by Rs 80k

Mahindra and Mahindra on Friday said it has marked down costs of e-Verito by up to Rs 80,000 so as to pass the advantage of decreased GST on EVs to clients. Post the GST rate cut declaration, Mahindra e-Verito will cost Rs 10.71 lakh (counting FAME benefits, on-street value, Delhi). “Mahindra will pass on these advantages to clients over our whole item run with quick effect.

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