Skoda India Announces Price Cuts
Monday, July 10, 2017
Editor Garipoint
Skoda India Announces Price Cuts For Octavia and Superb

Skoda India has revised pricing across its product line-up in the country. The Czech car manufacturer claims that the new prices are in line with the revised tax structure which has been defined by GST effective from 1 July 2017.

Skoda India has reduced car prices of its mid-size sedan Skoda Octavia and full-size sedan Skoda Superb by up to 98,000 in India. As of now, Skoda India has officially revealed only the variant-wise prices of the Octavia and the Superb models, while prices of its entry-level sedan - Rapid is expected to be announced later this week.

Based on the new GST rates, all Skoda cars sold in India come under the standard 28 per cent slab and over and above there is a 15 per cent cess as well. Interestingly, the previous tax structure implemented a tax 51.6 per cent on these cars, which was a good 8.6 per cent more than the post-GST rates.

Skoda India claims that the prices within the Superb model range have seen the maximum change with a revision up to 7.4 per cent, amounting for a total price benefit of up to Rs 2.4 lakhs. Similarly, the revision in the Octavia model range varies from 4.9 per cent to 7.4 per cent, resulting in a maximum benefit of Rs 1.75 lakhs.

The revised prices vary in each city and across the car range depending on the earlier VAT rates.