Car Sales Buzz: Maruti Suzuki’s Big Price Cuts Spark 15-20% Surge in Inquiries
Car buyers in India are lining up like never before! After Maruti Suzuki India announced massive price reductions to pass on full benefits from the new GST 2.0 rates, customer inquiries for cars have jumped 15-20% across all segments. This exciting news comes from a fresh HSBC Global Investment report, showing a real boost in interest, especially in big cities.
Dealers report a flood of both online searches and walk-in customers. Entry-level cars are stealing the show—models like the Alto K10, Celerio, S-Presso, and Wagon R are seeing the most action in Tier-1 cities. If you’re a first-time buyer eyeing your dream ride, this is your moment: the share of new buyers in total bookings has risen by 5-7%, making it easier for beginners to jump in.
Even premium hatchbacks like the Swift and Baleno are getting a decent lift in demand. The report predicts strong growth for the passenger vehicle (PV) market this festive season. Experts now expect double-digit year-on-year growth, up from the single digits forecasted before the GST cut announcement. That’s a game-changer for car sales in India!
Maruti Suzuki didn’t hold back—they slashed prices more than the GST reduction itself. Entry-level models dropped by 11-21%, premium hatchbacks by 9-11%, and even the Brezza SUV saw cuts up to 8%. This beats the GST impact of 3.5-8%, giving buyers extra savings.
On Thursday, Maruti Suzuki rolled out these price cuts across its lineup, ensuring customers feel the full relief from lower GST rates on cars. Entry-level stars like the Alto K10 and S-Presso lead with reductions up to Rs 1.07 lakh and Rs 1.29 lakh. Other popular hatchbacks, including the Celerio, Wagon-R, and Ignis, offer savings between Rs 71,300 and Rs 1.29 lakh. Small SUVs aren’t left out either—their prices are tumbling too.
What’s behind this? The GST Council approved a simpler tax structure: mostly 5% for small cars and 18% overall, scrapping the old four-slab system (5%, 12%, 18%, and 28%) plus the compensation cess. Larger or luxury vehicles now face 40%, but electric vehicles (EVs) stay at a sweet 5% GST rate. This GST reform on cars is streamlining things and making vehicles more affordable for everyone.
If you’re thinking about buying a car, now’s the time to check out Maruti Suzuki deals— the festive season could bring even more surprises!
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
