India’s largest carmaker, Maruti Suzuki India, announced on Thursday that it will reduce vehicle prices by up to ₹1.29 lakh starting September 22.
The decision comes as part of passing on the benefits of the recent GST rate cut directly to customers.
According to the company’s filing (reported by PTI), some major price reductions include:
S-Presso: up to ₹1,29,600
Alto K10: up to ₹1,07,600
Celerio: up to ₹94,100
Wagon R: up to ₹79,600
Ignis: up to ₹71,300
Price Cuts Across Popular Models
For premium hatchbacks and other models, the price reduction will be as follows:
Swift: ₹84,600
Baleno: ₹86,100
Tour S: ₹67,200
Dzire: ₹87,700
Fronx: ₹1,12,600
Brezza: ₹1,12,700
Grand Vitara: ₹1,07,000
Jimny: ₹51,900
Ertiga: ₹46,400
XL6: ₹52,000
Invicto: ₹61,700
Eeco: ₹68,000
Super Carry LCV: ₹52,100
GST Rate Cut and Its Impact
The government has announced a reduction in GST rates on small cars:
Petrol, CNG, and LPG cars (up to 1200cc engine and 4 meters in length) will now attract 18% GST instead of 28%.
Diesel cars (up to 1500cc engine and 4 meters in length) will also have GST reduced to 18%.
This change will be effective from September 22.
Analysts expect the move to make cars more affordable, boost demand, and positively impact the auto industry as a whole.
Along with Maruti Suzuki, other automakers, including premium brands, have also announced price cuts following the GST reform.
