Maruti Suzuki, India’s largest carmaker, has announced to reduce the ex-showroom prices of its select cars by Rs 5,000. The decision comes after the government cut corporate tax rate. The company welcomed the government’s initiative to revive the demand in automobile industry.
In a press statement, the company said, “Maruti Suzuki India Limited, today announced to proactively and voluntarily share the benefits of corporate tax reduction with its customers.”
Maruti Suzuki has reduced ex-showroom prices of its popular models including the Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross. The new prices will be effective from today. Adding to it, the reduction of price will be over and above the current promotional offers for the company’s vehicle range.
“The company is optimistic that the price reduction will bring down the cost of acquisition especially for the entry-level customers. This announcement around the festive season will help boost customer sentiment and revive the market to create demand,” Maruti Suzuki added.
Facing an unprecedented slowdown, Maruti Suzuki is offering hefty discounts and other benefits to lure buyers. The company is giving discounts and other offers worth Rs 40,000 to Rs 1 lakh on its popular cars. The company is also gearing up for the launch of the much-awaited S-Presso mini SUV on September 30, 2019.