The country’s largest carmaker, Maruti Suzuki has slashed ₹ 5,000 on select cars (Ex-Showroom) in tandem with the government’s initiative to revive demand in the automobile industry. “Maruti Suzuki India Limited, today announced to proactively and voluntarily share the benefits of corporate tax reduction with its customers,” the company said in an exchange notification.
Maruti Suzuki has cut the ex-showroom price of Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Alto 800, Alto K10, Tour S Diesel, Vitara Brezza and S-Cross by Rs. 5,000. The new prices will be effective from today and the reduction in price will be over and above the current promotional offers for the company’s vehicle range, Maruti Suzuki said.
“The company is optimistic that the price reduction will bring down the cost of acquisition, especially for entry-level customers. This announcement around the festive season will help boost customer sentiment and revive the market to create demand,” Maruti Suzuki added.
Henceforth its decision to cut prices, Maruti Suzuki share price fell 2.6 per cent to Rs. 6,826.
(With input from agencies)