GST effect: Maruti Suzuki reduces vehicle prices by up to 3%


This includes 368431 units in the domestic market, reflecting a growth of 14.3% over April-June 2016. Although prices of smaller cars will see a marginal drop but bigger cars like SUVs and sedans will go down to a maximum of Rs 3 lakh from its original pricing. Domestic sales in June dipped from 130,676 units in May by nearly 30%.

Sales of compact models (Swift, Baleno, Ignis and Dzire) stood at 40,496 units as against 39,971 units.

Exports in the April-June 2017 quarter stood at 26,140 units as against 26,103 units. Many manufacturers also reduced some output to ensure there was not much inventory piled up in their distribution channels. The auto maker said that the ex-showroom prices of many models have come down by upto 3%.

Maruti Suzuki, the country's largest carmaker, has announced its decision to pass on the benefits of Goods and Services Tax (GST) to customers in India.

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Leading auto maker Maruti Suzuki India has posted a marginal increase in its passenger vehicle (PV) volumes in June amid GST-related concerns. The only bad news Maruti faces post GST?

The change in prices is effective from July 1, 2017.

"Owing to withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased.", said a statement from Maruti Suzuki India.