GST 2.0 impact, Sept. 6 -- Renault India on September 6, became the latest auto major after Tata Motors and Mahindra & Mahindra, to announce that car prices will be reduced to pass on the GST rate cut benefit to customers.

Renault said that it will reduce prices of its vehicles by up to Rs.96,395 from September 22, "to pass on full benefit of the recent GST rate cut to buyers".

Notably, this comes after the GST Council this week approved the Centre's GST rate rationalisation plan, that effectively brings down taxes across most auto segments.

Price of entry level Kwid will come down by up to Rs.55,095, Triber by Rs.80,195 and Kiger by up to Rs.96,395, the automaker said.

Published by HT Digital Content Services with permission from MIN...