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GST: Ford cuts vehicle prices by up to 4.5%

LiveMint logoLiveMint 03-07-2017 PTI

New Delhi: Automaker Ford India Pvt. Ltd has decided to reduce vehicle prices by up to 4.5% with immediate effect to pass on the goods and services tax (GST) benefit to the customers. While the reduction in prices will vary from state to state, the highest cut will be in Mumbai with the company’s flagship SUV Endeavour becoming cheaper by up to Rs3 lakh.

“We will pass on the benefits in the range of up to 4.5 per cent across the range,” a Ford India spokesperson told PTI. In Delhi, price of hatchback Figo has been cut by Rs2,000, that of compact SUV Ecosport by up to Rs8,000.

Price of premium SUV Endeavour has been reduced by up to Rs1.5 lakh. In Mumbai, the prices will go down in the range of Rs28,000 on Figo to Rs3 lakh on Endeavour. The company sells a range of vehicles starting from hatchback Figo to premium SUV Endeavour, that were priced between Rs4.75 lakh to Rs31.5 lakh (ex-showroom).

The company, however, did not share details about the revised pricing of its iconic sports car Mustang. Already, various automakers such as Maruti Suzuki, Toyota, Jaguar Land Rover and BMW have reduced prices to transmit the GST relief down the line.

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