Corporate Tax Benefit: Maruti Suzuki drops prices of select car models

New Delhi : Days after the government announced reduction in corporate tax, India's biggest car manufacturer Maruti Suzuki announced a reduction in the prices of select car models.

Maruti Suzuki has reduced the price of select models by ₹5,000 (on ex-showroom price), effective from today. The price cut will be applicable on all variants of Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross, Maruti Suzuki said.

The company also clarified that the new discounted price will be over and above the already running promotional discounts.

Facing worst sales slowdown in the last two decades, many car-makers have lined up hefty discounts and other offers to lure buyers. The biggest car-maker Maruti Suzuki is offering discounts and other benefits in the range of ₹40,000 to ₹1,01,200 on its popular models, news agency IANS reported.

Praising the government's initiative to decrease the corporate tax, Maruti Suzuki said that they will proactively pass the benefit to the end user.

Maruti Suzuki also said that it 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," the car-maker said.