Maruti Suzuki cuts its models' prices; makes ASG variants 'more affordable'
Maruti Suzuki India announced a price reduction for various models on Saturday in its Auto Gear Shift (AGS) lineup.
Lok Sabha Final Phase of Voting: Live Updates
The company revealed the price reduction through an official statement, noting that the reduction applies to several of its models. These include the Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis.
The price cut took effect on Saturday, and while the exact reason behind this decision was not disclosed, it emphasized the intention of making its AGS variants more affordable.
ALSO READ: Maruti Suzuki reports 47.8% surge in Q4 net profit driven by strong sales & product mix
In an exchange filing, Maruti Suzuki stated, «The Company today announced a reduction in prices of its AGS (Auto Gear Shift) variants across its models.»
The company has reduced the prices by Rs 5000 across various models, the company statement added «The prices of AGS variants across models (Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx & Ignis) have been reduced by Rs 5,000/-. The prices will come into effect from today i.e. 1st June, 2024.»
Auto Gear Shift (AGS) is an automatic transmission technology that combines the benefits of manual and automatic transmissions. It was first introduced by Maruti Suzuki in India in 2014. The gear shifts and clutch control are electronically automated without any driver intervention in these automatic cars.
ALSO READ: Car dealers may end up with ₹44,000 crore worth of inventory
