GST rate cuts, Sept. 10 -- Automobile companies such as Honda Cars India, Jeep India, and Bajaj Auto decided to cut their vehicle prices on Tuesday, 9 September 2025, after the central government's GST Council announced a reduction in the goods and services tax for categories in automobiles.

Mint reported earlier that the GST Council decided to cut the goods and services tax (GST) on small cars with an engine capacity of up to 1,200cc and a length of up to 4 metres to 18%. However, passenger vehicles above the engine capacity of 1,500 cc and a length above 4 metres will be subject to a 40% tax rate.

In the case of two-wheelers, the government announced that vehicles with an engine capacity of less than 350cc will be subject to an 18% ta...