Honda Elevate Final Price After GST Cut - Old vs New Price of Elevate

Published on 19 Sept, 2025, 5:42 AM IST
Updated on 25 Sept, 2025, 9:08 AM IST
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The Honda Elevate has quickly gained popularity in India’s mid-size SUV market, thanks to its bold styling, spacious cabin, and the proven 1.5-litre i-VTEC petrol engine. Built for urban families and young professionals, the Elevate combines Honda’s reputation for refinement with the practicality of a modern SUV. Positioned as a rival to segment leaders like the Hyundai Creta and Kia Seltos, it offers a premium driving experience at a competitive price.

Until recently, however, SUVs like the Honda Elevate were burdened with a steep tax structure. Under the old GST system, mid-size petrol cars and SUVs longer than 4 metres with engines up to 1.5 litres attracted 28% GST plus 17% cess, bringing the total to 45%. This meant buyers paid significantly more in taxes, inflating the ex-showroom price.

With the introduction of GST 2.0, effective September 22, 2025, the cess has been scrapped and replaced with a flat 40% GST rate. This results in a 5% reduction in tax, directly resulting in a price cut of ₹8,000–₹58,000, depending on the variant. This makes the Elevate a stronger value proposition for buyers looking to own a stylish and reliable mid-size SUV.

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Honda Elevate (Petrol Variants) Final Prices after the GST Cut

The Honda Elevate is powered exclusively by a 1.5-litre petrol engine paired with manual and CVT transmission options. Under the older tax structure, this SUV attracted a total of 45% tax (28% GST + 17% cess). With GST 2.0, the tax rate has been reduced to a flat 40%, resulting in a 5% drop in tax. For buyers, this translates into noticeable savings while still enjoying Honda’s signature refinement and durability.

Elevate Variant

Old Price (Ex-showroom)

Final Price (Ex-showroom)

Reduction

Reduction (%)

ZX-R CVT Dual Tone

₹16,91,000

₹16,32,689

₹58,311

3.45%

ZX-R CVT Dual Tone (Metallic)

₹16,83,000

₹16,24,965

₹58,035

3.45%

ZX Black Edition CVT

₹16,73,000

₹16,15,310

₹57,690

3.45%

ZX-R CVT

₹16,71,000

₹16,13,379

₹57,621

3.45%

ZX-R CVT (Metallic)

₹16,63,000

₹16,05,655

₹57,345

3.45%

ZX Black Edition

₹15,51,000

₹14,97,517

₹53,483

3.45%

ZX-R

₹15,49,000

₹14,95,586

₹53,414

3.45%

VX Apex Edition CVT

₹15,41,700

₹14,88,538

₹53,162

3.45%

ZX-R (Metallic)

₹15,41,000

₹14,87,862

₹53,138

3.45%

VX-R CVT

₹15,38,000

₹14,84,965

₹53,035

3.45%

VX Apex Edition CVT (Metallic)

₹15,33,700

₹14,80,814

₹52,886

3.45%

VX-R CVT (Metallic)

₹15,30,000

₹14,77,241

₹52,759

3.45%

VX Apex Edition

₹14,21,700

₹13,72,676

₹49,024

3.45%

VX-R

₹14,18,000

₹13,69,103

₹48,897

3.45%

VX Apex Edition (Metallic)

₹14,13,700

₹13,64,951

₹48,749

3.45%

VX-R (Metallic)

₹14,10,000

₹13,61,379

₹48,621

3.45%

SV-R

₹11,99,000

₹11,57,655

₹41,345

3.45%

SV-R (Metallic)

₹11,91,000

₹11,49,931

₹41,069

3.45%

V-R CVT

₹13,67,000

₹13,50,758

₹16,242

1.19%

V-R CVT (Metallic)

₹13,59,000

₹13,43,034

₹15,966

1.17%

V Apex Edition CVT

₹13,67,000

₹13,54,331

₹12,669

0.93%

V Apex Edition CVT (Metallic)

₹13,59,000

₹13,46,607

₹12,393

0.91%

V-R

₹12,47,000

₹12,34,896

₹12,104

0.97%

V-R (Metallic)

₹12,39,000

₹12,27,172

₹11,828

0.95%

V Apex Edition

₹12,47,000

₹12,38,469

₹8,531

0.68%

V Apex Edition (Metallic)

₹12,39,000

₹12,30,745

₹8,255

0.67%

Why have the prices been reduced for the Honda Elevate?

The Honda Elevate belongs to the mid-size car/SUV category, where vehicles over 4 metres with engines up to 1500cc were previously subject to both GST and cess. Here’s how the tax structure has changed for this category and has resulted in a price drop on all Elevate variants.

Category

Old GST

Old Cess

Old Total Tax

New GST

New Total Tax

Change in Tax

Mid-size cars (up to 1,500cc)

28%

17%

45%

40%

40%

5% lower than before


The GST 2.0 reform has reduced buyers' ownership costs by simplifying the tax rate to 40% with no cess. This makes the Honda Elevate more competitive against its direct rivals, all of which benefit from the same tax cut.

Frequently Asked Questions

Here are a few common questions and their answers about the Honda Elevate price drop due to the GST cut.

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How much has the Honda Elevate price reduced after GST 2.0?

Depending on the variant, the price of the Elevate has dropped by ₹8,000 to ₹58,000.

What was the old tax rate on the Honda Elevate?

The Elevate was earlier taxed at 28% GST + 17% cess, totalling 45%.

What is the new GST rate for the Honda Elevate?

From September 22, 2025, Elevate will be taxed at a flat 40% GST, with no cess.

Will the on-road price also decrease, or just the ex-showroom price?

Both will decrease. Since the ex-showroom price forms the basis for insurance, road tax, and registration, the total cost of ownership is now lower.

Is GST 2.0 a temporary discount or a permanent policy?

GST 2.0 is a permanent tax reform until the government revises the slabs again. This is not a temporary festive discount.

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Honda Elevate Final Price After GST Cut - Old vs New