The Indian automobile market is going through a major shift with GST 2.0 introducing revised tax slabs. These changes have brought noticeable reductions in prices of petrol and diesel vehicles, making them more affordable for buyers. But what about electric vehicles? The impact on BYD car prices after GST rate revision is unique since BYD’s portfolio in India is focused on electric models like the Atto 3, e6, and Seal.
While most cars now enjoy reduced GST slabs—18% for small petrol/diesel cars and 40% for larger SUVs—electric vehicles continue under the concessional 5% GST rate. This means BYD models remain unaffected by the GST update. However, this also highlights BYD’s advantage, as its cars were already priced at lower tax rates compared to ICE counterparts.
For buyers considering an EV, smart financing becomes just as important as price drops. A car loan is an excellent way to manage upfront costs. The Bajaj Finserv New Car Loan offers up to 100% financing of the on-road price, flexible EMIs, extended repayment tenures, and competitive interest rates. With minimal paperwork and quick disbursals, the loan ensures your BYD ownership journey is seamless.
Want to skip the wait? Check your pre-approved new car loan offer today and fast-track your BYD purchase.
What are the revised GST slabs for BYD cars
Customers across India are seeing savings of up to 13% on ICE cars, but EV buyers must note that GST on electric models remains unchanged. Here’s the revised GST structure:
| Type of vehicle | Old GST slab (including cess) | New GST rates | Savings |
|---|---|---|---|
| Sub-4 metre (Petrol) | 29% (28% GST + 1% cess) | 18% | 11% |
| Sub-4 metre (Diesel) | 31% (28% GST + 3% cess) | 18% | 13% |
| Cars over 4 metres in length with engine capacity up to 1,500cc | Up to 45% (28% GST + 17% cess) | 40% | 5% |
| SUVs (above 4 metres in length with engine capacity exceeding 1,500cc) | Up to 50% (28% GST + 22% cess) | 40% | 10% |
| Electric vehicles (all categories) | 5% | 5% | No change |
This means ICE categories benefit most from the GST cut, while BYD’s electric cars continue to enjoy a flat 5% GST rate.
Expected cost of BYD cars base model post tax cuts
| Car | Old GST slab (GST + cess) | New GST rate | Expected price drop (approx.) |
|---|---|---|---|
| BYD Atto 3 | 5% | 5% | No change |
| BYD e6 | 5% | 5% | No change |
| BYD Seal | 5% | 5% | No change |
| BYD Dolphin EV | 5% | 5% | No change |
Please note these benefits are indicative. Since BYD cars fall under the EV category, they remain unaffected by the GST rate change.
Impact of the new GST rates on BYD cars: Petrol and diesel models across brands have shifted to 18% and 40% GST slabs depending on size, but EVs like the BYD Atto 3 remain taxed at just 5%. This ensures BYD customers continue to enjoy a tax advantage, keeping EV ownership attractive.
Planning to buy your new BYD soon? Check your loan amount eligibility today and see how much you can borrow with Bajaj Finance.
Why choose Bajaj Mall for your car purchase
Bajaj Mall offers a wide variety of BYD models, from the practical e6 MPV to the futuristic Atto 3 and the premium Seal EV. Its user-friendly search filters make it simple to compare features, specifications, and prices before booking.
Pairing your purchase with the car loan from Bajaj Finance ensures an effortless buying experience. With up to 100% financing of the on-road price, buyers can skip the hassle of arranging large down payments. Flexible EMIs and extended repayment tenures make repayments manageable, while competitive car loan interest rates ensure affordability.
To plan your payments in advance, the car loan EMI calculator helps you estimate instalments with clarity.
Want to make your decision faster? Check your pre-approved new car loan offer today and book your BYD without delay.
