The automobile market in India has undergone a major change after GST 2.0, with car prices becoming more attractive across categories. For buyers, this revision has brought immediate relief, especially for those considering popular brands like Toyota. The updated tax structure directly impacts affordability, with Toyota car prices after GST rate revision showing meaningful drops across hatchbacks, sedans, SUVs, and MPVs.
Toyota has always been known for reliability, durability, and value, and now the reduced ex-showroom costs make its cars even more desirable. Smaller cars like the Glanza and Taisor benefit from reduced GST of 18%, while larger SUVs such as the Fortuner and luxury MPVs like the Vellfire now enjoy flat 40% GST instead of 50%. This translates into big savings, often running into lakhs of rupees.
Pairing these cuts with smart financing ensures smoother ownership. The Bajaj Finserv New Car Loan offers up to 100% on-road financing, extended repayment tenures, flexible EMIs, and competitive interest rates. With minimal paperwork and quick disbursals, it is one of the best ways to fund your Toyota purchase.
Want to fast-track your booking? Check your pre-approved new car loan offer today.
What are the revised GST slabs for Toyota cars
Here are the revised slabs under GST 2.0:
| Type of vehicle | Old GST rates (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 |
Expected cost of Toyota cars base model post tax cuts
| Car | Old GST slab (GST + cess) | New GST rate | Expected price drop (approx.) |
|---|---|---|---|
| Toyota Glanza | 29% | 18% | 11% |
| Toyota Taisor | 29% | 18% | 11% |
| Toyota Rumion | 45% | 40% | 5% |
| Toyota Hyryder | 45% | 40% | 5% |
| Toyota Innova Crysta | 50% | 40% | 10% |
| Toyota Innova Hycross | 50% | 40% | 10% |
| Toyota Fortuner | 50% | 40% | 10% |
| Toyota Fortuner Legender | 50% | 40% | 10% |
| Toyota Hilux | 50% | 40% | 10% |
| Toyota Camry | 50% | 40% | 10% |
| Toyota Vellfire | 50% | 40% | 10% |
These values are indicative ex-showroom price drops as per GST 2.0. Final on-road costs may vary depending on RTO charges, location, and insurance.
Price changes across models: The Toyota Fortuner now sees a price drop of up to Rs. 3.49 lakh, while the Hilux is cheaper by Rs. 2.53 lakh. The Vellfire benefits from a reduction of Rs. 2.78 lakh, making it more competitive in its luxury segment. Hatchbacks like the Glanza and Taisor also see attractive savings of up to Rs. 1.11 lakh.
Planning to buy your new Toyota soon? Check your loan amount eligibility today and know how much you can borrow from Bajaj Finance.
Why choose Bajaj Mall for your car purchase
When it comes to buying a Toyota, Bajaj Mall makes the journey simpler and more rewarding. Customers can browse a wide variety of Toyota cars with user-friendly search filters that allow easy comparison of trims, specifications, and features.
The real advantage comes with the car loan from Bajaj Finance, designed to make premium car ownership affordable. With up to 100% financing of the on-road price, flexible EMI options, extended tenures, and competitive car loan interest rates, buyers can plan their purchase with confidence.
To streamline planning, the car loan EMI calculator helps estimate monthly instalments. This gives clarity before making a final decision. Quick disbursals and minimal paperwork further enhance convenience.
Why wait? Check your pre-approved new car loan offer today and make your Toyota dream a reality.
