There is a boom of festivals, there is a crowd in showrooms and fireworks on the sales charts of companies. After the GST exemption, the cuts in the prices of cars have been so excited by the customers that the vehicles are being sold by putting lines. On the one hand, Maruti Suzuki has broken the 35 -year record, on the other hand, on the occasion of Navratri, such a crowd has been seen at Hyundai’s showroom after 5 years. This car is the Mahakumbh of the market, where every company is distributing the ‘offerings’ of cuts and the customers are taking it full.
There has been a strong impact of rebate in Goods and Service Tax (GST) on the Indian car market. As soon as the cut in the price of cars has been announced, there has been a huge crowd at the showroom of cars. Maruti Suzuki And Hyundai has recorded booking, delivery and ankvery of thousands of cars on the first day. So let’s see what the figures of the first day of GST 2.0-
Maruti Suzuki breaks 35 years record
This festival is no less than a golden phase for the country’s largest car manufacturer Maruti Suzuki. The company’s Senior Executive Officer (Marketing and Sales) Partho Banerjee said, “We have not seen such a tremendous response in the last 35 years. More than 80,000 ankwaies (inquiries about cars) took place and more than 25,000 cars were delivered. Soon the figure will reach 30,000.” Maruti Suzuki is very excited by the response received on the first day after GST exemption.
On September 18, Maruti announced an extra price cut with a cut in GST rates. Since then, the company has received around 75,000 bookings, ie an average of 15,000 bookings daily. Which is about 50% more than normal. Bookings are almost doubled in the small car segment. The dealerships are open till night so that customers can be handed over a car on time.
Small cars fear of finishing stock
The biggest impact of GST exemption has been seen at the cost of entry level and small cars. The cheapest car of Maruti Suzuki’s portfolio has now become Maruti S-Presso, which is just Rs 3.50 lakhs. At the same time, the prices of Swift, Dzire, Baleno, Fronx, WagonR are also strong. It is being told that due to heavy demand, the stock of small cars has come to an end.
Maruti Suzuki: Cut up to 1.29 lakhs
Maruti Suzuki has announced to direct the new GST reform directly to the customers. Now S-Presso has become the cheapest car of the company’s portfolio. Which now comes at an initial price of only Rs 3,49,900. Maruti Suzuki has announced a reduction in the price of its cars up to Rs 1.29 lakh. Which includes all cars like Brezza, Alto, WagonR and Swift etc.
Hyundai breaks 5 years record
Like Maruti, Hyundai Motor India Limited (HMIL) has also started this Navratri. The company has set a billing record of the largest dealer of the last 5 years on the first day. Hyundai Motor India Limited director Tarun Garg said, “Navratri has been very spectacular due to the reforms of GST 2.0. On the very first day around 11,000 dealers were recorded.
Garg made it clear that Hyundai has first included GST benefits to customers. He says that the demand will remain in the coming days and the company will continue to deliver the value for money product to the customers. Hyundai has also announced a bumper cut in the prices of cars involved in his portfolio.
Hyundai: Cut up to Rs 2.40 lakh
Hyundai has cut the price of his cars up to a maximum of Rs 2.4 lakh. The company has reduced its premium SUV Taxon by Rs 2,40,303. At the same time, the price of Creta has been cut by Rs 38,311. Now its initial price has been Rs 10.73 lakh, which used to be Rs 11.11 lakh earlier. The price of Grand i10 has seen a reduction of Rs 51,022, now its initial price has been Rs 5.47 lakh, which used to be Rs 5.99 lakh earlier.
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