JLR cuts vehicle prices by ₹4.5–30.4 lakh across Range Rover, Defender, and Discovery models after GST rate cut.
Company says move will boost luxury car market and customer demand in India.
Jaguar Land Rover (JLR) on Tuesday said it will cut vehicle prices ranging between ₹4.5 lakh and ₹30.4 lakh with immediate effect to pass on the GST rate cut benefit to customers.
Customers will see price benefits in the range of ₹4.5 lakh to ₹30.4 lakhs across the entire portfolio of Range Rover, Defender and Discovery brands, it said in a statement.
"The GST rationalisation on luxury vehicles is a welcome move for customers and for the industry. This move will provide much-needed impetus, reinforcing our confidence in and commitment to India's luxury market," JLR India MD Rajan Amba stated.
In a separate statement, Volvo Car India said it will cut vehicle prices by up to ₹6.9 lakh on its ICE portfolio, effective September 22.
