Leading companies reduce product prices: GST concessions to benefit consumers; check new prices

FMCG, automobile and electronics companies in the country have started taking steps to pass on the benefits of the reduced Goods and Services Tax (GST) to consumers. Major companies like Hindustan Unilever, Dabur, Amul, ITC, Maruti Suzuki and Hyundai have all reduced the prices of their products in the past few days. Prices of automobiles, electronics, industrial equipment, cement, daily necessities, health, life insurance, services including salons, etc. will be reduced from Monday.

The country's largest FMCG company Hindustan Unilever will reduce the prices of Dove shampoo, Kissan Jam, Horlicks, Lux, Lifebuoy soaps, etc. Amul, a leader in the dairy and food products sector, has reduced the prices of more than 700 items. Apollo Tyres has reduced the prices of tyres by Rs 300 to Rs 2,000. FMCG companies like Procter & Gamble and Emami have also announced price cuts.

Price Change

Product - New Price - Old Price - Consumer Profit

Dove Shampoo -Rs. 435 -Rs. 490 -Rs. 55

Horlicks (200 gm) -Rs. 110 -Rs. 130 -Rs. 20

Kisan Jam (200 gm) -Rs. 80 -Rs. 90 -Rs. 10

Rail Neer Water (1 liter) -Rs. 14 -Rs. 15 -Rs. 1

Amul Butter (100 gm) -Rs. 58 -Rs. 62 -Rs. 4

Amul Ghee (1 liter) -Rs. 610 -Rs. 650 -Rs. 40

Ice Cream (per liter) -Rs. 550 -Rs. 600 -Rs. 50

Big gains when buying a car

All the country's leading automakers have reduced the prices of their cars. The price of the Maruti Alto K10 will be reduced by up to Rs 107,600 from Monday. The GST on hatchbacks has been reduced from 28 to 18 percent, along with the elimination of cesses. The price of the Maruti S-Presso will be reduced by up to Rs 129,600. The Celerio will be priced at Rs 94,100 and the Wagon R at Rs 79,600. The Swift will be discounted by Rs 84,600 and the Baleno at Rs 86,100. The Tata Tiago will be discounted by Rs 75,000. There ​​will be a price drop of Rs 1.10 lakh for the Tata Altroz, Rs 73,800 for the Hyundai Grand i10 and Rs 86,796 for the Hyundai i20.

Packed products can be sold at old prices

Packed products with old MRP printed before the change in GST can be sold till March 31 next year. The old rates can continue till the stock runs out. Companies have been given relaxation in the requirement to publish the revised prices in two newspapers.