Following the reduction in GST rates, several automakers announced to cut prices of their cars. Mahindra has decided to cut rates by up to ₹1.56 lakh on their cars. Tata said the rates will go down by up to ₹1.55 lakh, while Hyundai will cut prices up to ₹2.40 lakh. Toyota cars will see reduction by up to ₹3.49 lakh.