Renault India announces price cut owing to GST
New Delhi , July 5 : In a move to pass on the benefits of the Goods and Services Tax (GST) to its customers, Renault India on Wednesday announced a price reduction in its products, depending on the state, model and the variant purchased, basis the tax rates applicable prior to the GST.
"The roll out of the Goods and Services Tax from July 1 is one of the biggest achievements of the Government, facilitating a one nation-one tax system, aimed at fostering a congenial business environment. While there may be a short-term disruption as the whole system adapts to this economic transformation, but in the long term it will be very positive for the economy and corporate India. Reflecting our customer-first approach, we have decided to pass on GST benefits to our customers, further enhancing the value proposition of our products," said Sumit Sawhney, Country CEO and Managing Director, Renault India Operations.
While expanding the product portfolio remains pivotal to India, Renault aims to increase its network reach to 320 outlets pan-India by the end of 2017 to make its products and services more accessible to the customers across the country.