Swift Gets K-Series Engine.
- Thread Starter siddhant
- Start date
Hmmm my guess is it will not actually! There are still many people who love Swift for its looks and performance even though it has got a long waiting period.
But nothing can be said for sure. With the launch of Beat , Swift may face some heat!!
But nothing can be said for sure. With the launch of Beat , Swift may face some heat!!
Maruti Suzuki India Limited has decided that it will not pass on the lower excise duty benefit to its new Maruti Swift customers. Maruti Swift’s new petrol variant attracts 8 percent or nearly Rs 40,000 excise duty benefit due to its 1.2L petrol engine. The company had launched this model in January but has retained its base price of Rs. 4 lakh of its 1.3L model.
New car models with base length less than 4 meters with 1.2L petrol and diesel engines smaller than 1.5L attract 8 percent excise duty benefit. On the other hand, all other models bigger than these attract 20 percent excise duty.
Maruti Suzuki usually passes all such benefits to its customers but this time it has decided to offset input costs rise. “For Swift, there is a cost increase owing to the new petrol engine. Add to it the increase in commodity prices,” the company spokesman said.
On the other hand, industry experts say that Maruti has kept the cost steady at this point of time as it expects strong competition in premium compact segment. Thus, when there are new launches like Ford Figo, Nissan Micra, VW Polo, Toyota Etios, etc. it will be in a position to lower the prices of its most popular model to keep the sales clock ticking and take the competition head on. (source)
New car models with base length less than 4 meters with 1.2L petrol and diesel engines smaller than 1.5L attract 8 percent excise duty benefit. On the other hand, all other models bigger than these attract 20 percent excise duty.
Maruti Suzuki usually passes all such benefits to its customers but this time it has decided to offset input costs rise. “For Swift, there is a cost increase owing to the new petrol engine. Add to it the increase in commodity prices,” the company spokesman said.
On the other hand, industry experts say that Maruti has kept the cost steady at this point of time as it expects strong competition in premium compact segment. Thus, when there are new launches like Ford Figo, Nissan Micra, VW Polo, Toyota Etios, etc. it will be in a position to lower the prices of its most popular model to keep the sales clock ticking and take the competition head on. (source)