Baleno gets a price cut of rupees One lakh : Announces Maruti
Maruti Suzuki has announced a reduction of Rs. 1 lakh in the price of its compact-segment model Baleno RS. The move by the country’s largest car maker comes two days after it lowered the prices of select models by Rs. 5,000 following a cut in corporate taxes announced by Finance Minister Nirmala Sitharaman last week.
The ex-showroom price of Maruti Suzuki’s Baleno RS model in Delhi is Rs. 5,58,602, according to the carmaker’s Nexa website. The Baleno RS model is part of the company’s Nexa series of premium and luxury cars.
Maruti on Wednesday cut the prices of 10 different models by Rs. 5,000 each, in a bid to push sales just ahead of the festive season. Maruti Suzuki said it hoped the move would help entice entry-level customers.
In a surprise move, the Finance Minister announced a cut in the corporate tax rate to 22 per cent from 30 per cent last Friday. The cuts were the latest in a line of government measures aimed at reviving growth in Asia’s third-largest economy, which slumped to a six-year low in the April-June quarter.
