The Mahindra XUV700 is a popular SUV in India, known for its strong performance, modern features, and premium comfort. With the recent changes in GST rates, the prices of this SUV have come down, making it more attractive for buyers. Here we explain the GST rate for the XUV700, the changes made, and how much you can save now.
Earlier, large SUVs like the Mahindra XUV700 attracted a higher GST rate because of their size and engine capacity. This made the vehicle more expensive in terms of ex-showroom price. After the GST Council’s new decision, the overall tax structure has been simplified, and large SUVs have seen a reduction in their tax rate.
GST Rate Before Change
Before the update, the Mahindra XUV700 was taxed at a combined rate of 48 percent. This included 28 percent GST plus an additional cess of up to 20 percent on large SUVs. Because of this higher tax rate, the ex-showroom prices of the XUV700 were on the higher side across all its variants.
New GST Rate
With the revised rules, the overall GST plus cess on the XUV700 has been reduced to 40 percent. This means the cess burden has been cut, and buyers now have to pay less tax for the same car. This directly reduces the cost of the SUV for new customers.
Savings and Price Drop
The change in GST has brought significant savings for buyers of the Mahindra XUV700. Depending on the variant, the price drop ranges between ₹88,900 and ₹1.43 lakh. The top trims such as the AX7 L get the maximum savings, while the base MX variant gets slightly lower savings. Overall, this makes the XUV700 more value for money than before.
Impact on Buyers
For buyers planning to purchase the Mahindra XUV700, this GST rate cut is a welcome move. The reduced ex-showroom price also lowers other costs such as insurance and in some cases registration charges. Dealerships have already started reflecting the updated prices, which means customers can benefit immediately.
Final Word
The Mahindra XUV700 GST rate has dropped from 48 percent to 40 percent, bringing down the prices by up to ₹1.43 lakh depending on the variant. This change makes the XUV700 a stronger choice in its segment, combining premium features, powerful engines, and now better affordability. If you have been waiting to buy this SUV, this is the right time to make the move.