Buyers are in for a bonanza with leading automakers Maruti Suzuki, Tata Motors and Hyundai Motor India set to cut prices from Monday, coinciding with the first day of the auspicious Navaratri period.
Luxury carmakers Mercedes-Benz and BMW as well as two-wheeler makers are set to reduce prices with new GST coming into force from September 22.
Maruti Suzuki India, the country’s largest carmaker, has cut vehicle prices by up to Rs 1.29 lakh to pass on the GST rate cut benefit to customers.
The company has also decided to cut prices of its small cars over and above the GST benefit of 8.5 per cent to make vehicles attractive for two-wheeler users to switch to four-wheelers.
The prices of entry-level model S Presso will go down by up to Rs 1,29,600; Alto K10 by up to Rs 1,07,600; Celerio by Rs 94,100; Wagon-R by up to Rs 79,600 and Ignis by up to Rs 71,300.
Price of premium hatchback Swift is reduced by up to Rs 84,600; Baleno by up to Rs 86,100; Tour S by up to Rs 67,200; Dzire by up t