New Delhi, Sept. 19 -- Maruti Suzuki India Ltd announced that starting 22 September, it will fully pass on the recent reduction in goods and services tax (GST) rates on automobiles to its customers. The company, India's largest car manufacturer, has lowered prices across its entire vehicle lineup.

The most significant price cuts are on entry-level models like the Alto, S-Presso, and Celerio, with more modest reductions for larger vehicles such as the Brezza, Grand Vitara, and Invicto.

"Based on our calculation, while weighted-average price reduction due to GST should have been about 6.5%, the company has taken an average price reduction of about 7.5% due to much higher price cuts in the entry segment cars," analysts from Nomura Financia...