Maruti Suzuki small cars to be cheaper

Maruti Suzuki India Ltd has announced that the Car market leader Maruti Suzuki India Ltd has passed on the full benefit of excise duty reduction to customers. This follows the announcement by the Union Finance Minister for reduction in excise duty for small cars to 12 per cent from 16 per cent in his Union Budget speech, on February 29, 2008.

The Company has announced price reduction in all the six models that qualify for the lower excise benefit: Maruti 800, Omni, Zen, Wagon R, Swift Diesel and Alto - India's largest selling car.

After passing on the complete excise duty reduction benefit, the price reduction ranges from Rs 6,500/- for Maruti 800 to Rs 18,030/- for Swift Diesel (ex-showroom Delhi).

Previously, in February 2006, upon announcement of reduction in excise duty on small cars from 24 per cent to 16 per cent, the Company had passed on the full benefit to the customers.