ISUZU reduces car prices by up to 12% post GST – Here is the full price list
Isuzu Motors India started local manufacturing earlier this year in Andhra Pradesh, at an investment of Rs. 3000 crore earmarked for the project.
Isuzu Motors India today announced the post GST prices of their cars. In a statement released to the media, Isuzu stated that revised prices of its vehicle models with the GST rates applicable from July 1, 2017.
The price of the mu-X, ISUZU’s new full-size 7-seater premium SUV has been revised to Rs 22,38,358 /- (4X2 Variant) Ex-Showroom Chennai, a reduction of 8 %. The reduction in ex-showroom prices of mu-X has been in the range of 6% to 12% across ISUZU showroom locations in India.
The price of the ISUZU D-MAX V-Cross, India’s first Adventure Utility Vehicle has been revised to Rs 12,67,111 /- Ex-Showroom Chennai, a reduction of 6% over the pre-GST Ex-showroom price in Chennai.
ISUZU also manufactures and sells the D-MAX S-CAB and the D-MAX Regular Cab range of commercial pickup trucks in India. With applicable GST rates, the D-MAX S-CAB is now priced at Rs. 801,418 /- Ex-Showroom Chennai and the D-MAX Regular Cab at Rs. 681,004 /- Ex-Showroom Chennai.
In addition to this, Isuzu Motors India has already announced that all their vehicles which are sold and purchased in the state of Andhra Pradesh are exempted from Motor Vehicle Tax till 31st March 2021. Following are the two taxes ISUZU vehicle owners will be exempted from in Andhra Pradesh for the next five years –
1. Passenger Vehicles: 14% (or relevant) of invoice value paid as one time life Tax;
2. Commercial Pick-up Trucks: Quarterly Road Tax (Rs.800/- per quarter or relevant) paid during the life of the vehicles.
What this translates into is that the Isuzuki V-Cross will now be cheaper by INR 1.78 lakh, only in Andhra Pradesh. Similarly, other Isuzu cars will also be cheaper in Andhra Pradesh.
The first India made Isuzu D-MAX V-Cross pickup rolled out of the SriCity, Andhra Pradesh manufacturing plant earlier this year in April. N Chandrababu Naidu, Chief Minister, Andhra Pradesh inaugurated the facility along with Masanori Katayama, President, Isuzu Motors Limited, Japan.
Isuzu SriCity manufacturing plant is spread across 107 acres. Current production capacity stands at 50,000 units, and can be scaled up to 120,000 units.
Masanori Katayama, President, Isuzu Motors Limited, Japan, His Excellency Mr. Kenji Hiramatsu, Ambassador of Japan to India, Mr. Kazushi Okawa, Executive Vice President, dignitaries from the Government of Andhra Pradesh, Senior Officials from IMI, and Isuzu business partners.
Isuzu already has manufacturing plants in Japan, Thailand, and the USA. The new gen Isuzu D-MAX pickups manufactured in India are being made with 70 percent localisation to begin with. This will increase with time. Exports from India will also be considered at a suitable time later on making the plant a suitable global manufacturing hub.
Isuzu India manufacturing plant follows the company’s global manufacturing standards and Isuzu Manufacturing Management (IMM) practices. Focus on safety, quality and commitment to the environment is a priority.
Masanori Katayama, President, Isuzu Motors Limited says India is one of the biggest automobile markets, and a fast growing economy, globally.
Hiroyasu Miura, Chairman, Isuzu Motors India says D-MAX pickups manufactured at SriCity are in accordance with high-quality standards, having found Indian suppliers who meet Isuzu’s global quality standards. High localization strategy is in place.
Local manufacturing operations entail a tie-up with 120 suppliers, including Tier-I and II suppliers for auto-components’ supplies. Some of IMI’s suppliers have signed a MoU with the Govt. of Andhra Pradesh for setting up their manufacturing plant in the region. In future, Isuzu will also consider the possibility of exporting components from India for manufacturing at its global markets .
The new Isuzu pickups manufactured in India will be available in a plethora of models and variants to cater to a wider customer base. D-MAX V-Cross (4×4) Adventure Utility Vehicle 4WD is a premium 5-seater urban vehicle. D-MAX Crew Cab, 4 door pickup with a cargo deck is multi-capable and caters to varying needs through a Single Cab and Cab-Chassis option. Bookings will be opened soon, and deliveries will begin soon after. In time, Isuzu India will launch new vehicles that meet other market segment requirements.