Mahindra has announced significant GST benefit on the Thar Roxx, offering huge savings up to Rs. 1.33 Lakh. This comes as the part of the new simplified GST tax reduction announced by the government in the 56th GST council meeting.
The price drop varies across different Thar Roxx variants, giving customers a great opportunity to own this SUV at a reduced price. In this article we breakdown the variant-wise price reduction and explain how the new tax system benefits both Mahindra and its customers.
Mahindra Thar Roxx Variant-Wise GST benefits
| Variant list | Old GST + Cess | New GST | Full GST Benefit (₹) |
|---|---|---|---|
| MX1 | 48% | 40% | 81,200 |
| MX3 | 48% | 40% | 101,100 |
| AX3L | 48% | 40% | 98,300 |
| MX5 | 48% | 40% | 110,200 |
| AX5L | 48% | 40% | 121,600 |
| AX7L | 48% | 40% | 132,900 |
Previous tax on Mahindra Thar Roxx Explained:
Earlier the Mahindra Thar Roxx was taxed under a combination of GST + Cess, which significantly increased the overall tax burden on the Mahindra Thar Roxx.
Previously the combined GST + Cess on Mahindra Thar Roxx was 48% as Thar Roxx falls under the category of large SUVs and off-road vehicle. This made the overall tax of the Thar Roxx high which resulted in the high on-road price of the SUV.
After the latest reform by the GST Council, the government introduced a simple two-slab tax system for the automobiles. Which means now Thar Roxx is taxed with only 40% GST rate, which is much lower than the previous 48% tax. Now there is no Cess on Thar Roxx which significantly resulted in lower prices, saving up to 1.3 lakhs, depending on the variant you choose.
Want to read about the price drop of other Mahindra SUVs? Click here : Mahindra Vehicles GST benefits up to 1.5 Lakhs : Scorpio, Thar, XUV700, Bolero