Hyundai, Tata Motors shares in focus on announcing price cuts following GST reform
Shares of Hyundai Motor India and Tata Motors will be in focus on Monday, September 8, after both automobile giants announced major price reductions across their vehicle portfolios. The move comes as the companies pass on the benefits of the recent Goods and Services Tax (GST) rate cuts to consumers.
Hyundai has reduced prices by up to Rs 2.4 lakh across its entire passenger vehicle lineup. Tata Motors, on the other hand, announced price cuts of up to Rs 4.65 lakh for its commercial vehicle range. Both companies stated that the price reductions will take effect from September 22, coinciding with the implementation date of the revised GST rates.
Hyundai’s revised pricing spans a wide range, starting from a cut of Rs 60,640 for its Verna…
