Maruti Suzuki, one of the leading automobile giants, on Friday (September 27), announced a price cut of one its popular model Baleno RS by ₹1,00,000.
According to news reports, the carmaker said in a BSE filing, “This is to inform that Maruti Suzuki India Limited announced a price reduction of select models by ₹5,000 on September 25, 2019. Along with the above reduction, the company has also reduced the Ex-Showroom price of its model i.e. Baleno RS by ₹1,00,000″
Baleno RS, currently sells for an ex-showroom price of ₹8,88,912 in Mumbai with an on-road price post taxes and registration of nearly ₹10,27,000. In New Delhi, due to lower taxes, the car’s current on-road price is around ₹9,90,000. After the price cut, Baleno RS is likely to sell at an on-road price of around ₹9 lakh in New Delhi and ₹9.27 lakh in Mumbai.
This is the second round of price cut, which comes a few days after the first announcement of ₹5,000 price reduction in select model cars. The move comes less than a week after the Union government announced an 8 percent reduction in corporate tax.
Popular models that got a rate cut on the (ex-showroom) price, on September 25, are Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross. These new prices will come into force with immediate effect, across the country.
This reduction of price will be over and above the current promotional offers for the company’s vehicle range, which also is expected to attract customers ahead of the festive season.