GST steers car prices downhill as makers look to pass on benefits

Cars have turned slightly affordable, thanks to the roll-out of Goods and Services Tax (GST) from Saturday. The country’s biggest carmaker, Maruti Suzuki, has cut prices of various models by up to three per cent. Toyota has reduced prices by up to 13 per cent. Prices of luxury cars are down by nine per cent. The cut is expected to be a trigger for expansion of sales in the world’s fifth-largest car market. Hybrid cars, however, have become expensive by over 10 per cent.

 
Maruti Suzuki, which sells every second car in the country, has passed on the entire benefit