Maruti Suzuki India Ltd.

Maruti Suzuki India, country’s largest car maker is reportedly planning to cut its car prices after the government announced a cut in excise duty in the vote on account. The models that will get cheaper include the Alto, WagonR and Swift hatchbacks and others like the Ertiga MPV and Dzire sedan. Finance Minister P Chidambaram has reduced excise duty on small cars and 2-wheelers from 12% to 8% while also reducing the duty on bigger cars and SUVs.

Maruti Suzuki has reported 11.06% fall in its production to 109,342 units in January 2014 as compared to 122,936 units in same month last year. Of total, the company has manufactured a 44,411 vehicles under mini segment (including Alto, A Star, Wagon R), down by 22.21%, as against 57,095 vehicles manufactured in corresponding month previous year.