With the implementation of GST effective July 1, 2017, prospective customers are rejoicing over the decline in prices across segments, barring hybrids. The carmakers are hopeful to witness surge in demand, following the reduction in car prices. While the revised prices could very well act as a catalyst for monthly sales, India’s leading car giant, Maruti Suzuki India was among the first few companies to announce price cuts.
The prices of Maruti cars have been reduced by up to 3%. One must note that the rate of reduction varies for different cities, reason being the variation in VAT rates applicable before the implantation of GST. As per the company’s claim, the prices have been revised to pass on the benefits completely to the customers. Read More – How Will GST Effect Prices of Cars and Two Wheelers – A Complete Guide
Coming back to the price cut, models in Maruti line-up have witnessed a drop ranging between Rs 2,300 to Rs 23,400. As hybrids are now taxed at a higher rate, prices of Maruti Ciaz diesel with hybrid technology and Ertiga SHVS have been hiked over Rs 1.5 lakh. That said, the Ciaz SHVS is now available between Rs 9.42 lakh to Rs 11.44 lakh and the Ertiga SHVS is priced in the range of Rs 8.56 lakh to Rs 10.44 lakh (ex-showroom, Delhi).
Maruti’s best-selling Alto 800 model has seen marginal drop, while the top-spec Alto K-10 trim now costs Rs 3.79 lakh from the previous Rs 4.16 lakh. To give you more concrete details of Marutis’ price cut, here are the revised prices of some of its best-selling models.
|Model Name||Post-GST Price (ex-showroom, Delhi)|
|Maruti Alto 800||Rs 2.45 lakh to Rs 3.24 lakh|
|Maruti Alto K10||Rs 3.26 lakh to Rs 3.79 lakh|
|Maruti Ignis||Rs 4.56 lakh to Rs 7.30 lakh|
|Maruti Swift||Rs 4.79 lakh to Rs 7.46 lakh|
|Maruti Baleno||Rs 5.26 lakh to Rs 8.42 lakh|
|Maruti Dzire||Rs 5.42 lakh to Rs 9.39 lakh|
|Maruti Ertiga||Rs 6.15 lakh to Rs 8.63 lakh (petrol version)|
|Maruti Vitara Brezza||Rs 7.23 lakh to Rs 9.69 lakh|
Cities with higher VAT rates have benefitted the most from GST, resulting in sharper drop in prices, since the VAT taxes have now been subsumed into the GST.