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| Maruti Suzuki cars to be cheaper | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| New Delhi, December 8, 2008 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Full benefit of CENVAT passed on to customers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Car market leader Maruti Suzuki India Limited has passed on the full benefit of excise duty reduction to customers. This follows the announcement by the Union Government for reduction in CENVAT for all cars by 4 per cent, on Sunday 7th December 2008. The new prices come into effect from midnight of 7th December 2008. The company has announced price reduction in all 11 car models that are manufactured in company¿s plants in Gurgaon and Manesar. After passing on the complete duty reduction benefit, the price reduction (Ex showroom Delhi prices) ranges from Rs 6,500/- for Maruti 800 to Rs 23,000 for the top-end SX4 sedan. There is no change in prices of Grand Vitara, as it is not impacted by CENVAT changes. Previously, in February 2008, upon announcement of reduction in excise duty on small cars from 16 per cent to 12 per cent, the company had passed on the full benefit to the customers. Following are the revised prices of some Maruti vehicles: |
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