As the new regime comes in, Maruti Suzuki India, top automaker has slashed prices of its models by up to 3 per cent with immediate effect in order to pass on GST benefit to its customers.
“The ex-showroom prices of Maruti Suzuki models have come down by up to 3%. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST,” the company said in a statement.
So now while the entry level Alto may be cheaper by a few thousands in most parts of India, the flagship sedan Ciaz and the multi-utility vehicle Ertiga have become more expensive by at least Rs 1 lakh.
“Owing to withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased,” the statement added.
The GST benefit would be applicable on all its models across the country from July 1, the company said.
Maruti Suzuki, which holds almost half the passenger car market share, posted only 1.2% growth in domestic sales in June, as many buyers delayed their purchase of new automobiles due to anxiety and revision in prices post GST.