Maruti passes on GST benefit, cuts prices by up to 3%

The company, however, has hiked prices of diesel variants of Ciaz and Ertiga models.

Top automaker Maruti Suzuki India (MSI) has slashed the prices of its models by up to 3 per cent with immediate effect in order to pass on the Goods and Services Tax benefit to its customers.

In a statement on Saturday, the company said it had transmitted the entire benefit of the GST rates on vehicles to its buyers.

“The ex-showroom prices of Maruti Suzuki models have come down by up to 3 per cent. The rate of reduction varies across locations depending on VAT rates applicable prior to the GST,” MSI said.

The company, however, hiked prices of diesel variants of Ciaz and Ertiga models with smart hybrid technology by over Rs 1 lakh because of withdrawal of tax concessions on mild hybrid vehicles under the GST framework.

The price hike on the models will also vary from State to State.

The company sells a range of vehicles from Alto 800 to S-Cross that were priced between Rs 2.46 lakh to Rs 12.03 lakh (ex-showroom Delhi).

Source:The Hindu