Maruti Suzuki Passes on GST Benefits on Vehicles to Customers
Owing to the withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased.
Maruti Suzuki Dzire ZXi+. (Photo: Sidharth Safaya/News18.com)
Maruti Suzuki India Limited today announced that the Company has passed on the entire benefit of GST rates on vehicles to its customers. The ex-showroom prices of Maruti Suzuki models have come down by up to 3%. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST. Owing to the withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased. The new prices are effective from July 1, 2017. Maruti Suzuki has sold a total of 394571 units in the quarter April-June 2017, growing 13.2% over the same period of last fiscal. This includes 368431 units in the domestic market, reflecting a growth of 14.3% over April-June 2016. Export during the quarter ending June 2017 was 26140 units. The Company sold a total of 106394 units in June 2017, reflecting a growth of 7.6% over June 2016. Sales in June 2017 include 93263 units in the domestic market and 13131 units of exports. The Company had sold a total of 98840 units in June 2016. Also, Don't Miss to watch the video Review of Maruti Suzuki Dzire below.
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