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Maruti Suzuki has revised the prices of its product lineup after GST by 3 percent. The Government of India has implemented the new taxation system from July 1, 2017, and Maruti has passed on the benefits to customers.
The Maruti Alto, India's largest selling car, has received a price cut ranging from Rs 2,300 to Rs 5,400 depending on variants. The company said, "The rate of reduction varies across locations depending on the VAT rates applicable before GST."
Kenichi Ayukawa, MD & CEO, Maruti Suzuki, said, "Government of India and all policymakers deserve a big Congratulation on the successful introduction of GST. This is a truly epoch-making reform. While GST will directly improve efficiencies and ease of business, its significance goes much beyond that."
He added, "It is a powerful example of India's commitment to reform, and how all stakeholders can come together to resolve complex issues in the interest of growth and development of the country."
The Maruti Alto is available in both 800cc and 1000c engine capacity. While the 800cc Alto produces 47.3bhp and 69Nm of torque and comes mated to a 5-speed manual gearbox, the Alto K10, which is the 1000c version, develops 67bhp and 90Nm of torque.
Maruti Suzuki will indeed increase the sales of its entire portfolio as prices have been reduced after GST. Both the customers and the company stand to benefit from the price cut.