Car market leader Maruti Suzuki India 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% on Sunday 07 December 2008. The new prices come into effect from midnight of 07 December 2008.
The company has announced price reduction in all 11 car models that are manufactured in company's plant in Gurgaon and Manesar.After passing of 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 isnot impacted by CENVAT changes.
Previously, in February 2008, upon announcement of reduction in excise duty on small cars from 16% to 12%, the company had passed on the full benefit to the customers.The company made this announcement after the trading hours on Monday, 08 December 2008.
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