New Delhi, Oct. 31 -- Maruti Suzuki, the biggest car manufacturer in the Indian passenger vehicle market, has been witnessing a demand revival in the small car segment with the GST rate cut that kicked in right before the festive season, in late September. RC Bhargava, Chairman of Maruti Suzuki India Limited (MSIL), has said that the people who used to skip the market are coming back, which is propelling the growth in the segment. He also said that the GST reduction was a timely step.

The small cars now attract 18% GST, down from the previous 28% slab. Maruti Suzuki, along with other cars, has passed on the GST rate cut benefits to the consumers by reducing the ex-showroom pricing of its cars, including the small ones. Along with that, t...