Newz Desk, Durgapur: Maruti Suzuki has announced to cut ex-showroom prices of entry-level cars by up to ₹1.29 lakh from September 22, passing on the benefits of the revised GST rates to customers. Key models like WagonR, Baleno, Celerio, and Dzire will see price reductions.
In an exchange filing today, the auto major said the move is aimed at stimulating demand in the passenger vehicle market by making its cars more affordable. The move also aligns Maruti with rivals Hyundai, Mahindra, Tata Motors, and others offering similar price cuts.
Price reduction of entry-level models
S-Presso
New price: ₹349,000
Reduction: ₹129,000 (maximum reduction)
Alto K10
New price: ₹369,000
Reduction: ₹107,000
Celerio
New price: ₹469,000
Reduction: ₹91,100
WagonR:
New price: ₹498,000
Reduction: ₹79,600
Ignis
New Price: ₹535,000
Reduction: Up to ₹71,300
Price reduction of mid-range and premium segment
Swift
New price: ₹578,000
Reduction: Up to ₹84,600
Baleno
New price: ₹598,000
Reduction: Up to ₹86,100
Dzire (compact sedan)
New price: ₹625,000
Tour S
New price: ₹623,000
Fronx (newly launched)
New price: ₹684,000
Reduction: ₹112,000
SUVs also see price corrections
Brezza: starts at ₹8,25,000
Grand Vitara: starts at ₹10,76,500
Jimny (off-road-focused): starts at ₹12,31,500
Price reduction of MPVs
Ertiga: Starts at ₹8,80,000
XL6: Starts at ₹11,52,300
Invicto (premium): Starts at ₹24,97,400
On the utility vehicle front, the Eeco and Super Carry start at ₹518,000 and ₹506,000 respectively. With cuts ranging from ₹67,000 to over ₹129,000, the company is looking to boost sales momentum during the festive season while maintaining its dominance in India’s passenger vehicle market.
Earlier this month, GST rates on motor vehicles with petrol combustion engine having a capacity of up to 1200 cc and a length up to 400 mm were reduced to 18 per cent from 28 per cent. Motor vehicles with diesel combustion engine having a capacity of up to 1500 cc and a length up to 400 mm also saw a similar deduction in tax rates. Luxury cars and high-end vehicles are set to attract a flat 40 per cent tax. Electric vehicles will continue to be taxed at 5 per cent rate.
