India's largest carmaker Maruti Suzuki slashed prices on select variants of its popular entry-level hatchbacks Alto and S-Presso on Monday by up to Rs 6,500.
The price of the base (LXi) trim of S-Presso which costs Rs 5.01 lakh (ex-showroom) has been reduced by Rs 2,000. The price of the mid-trim (VXi) of Alto K10, on the other hand, which is priced at Rs 5.06 lakh has become cheaper by Rs 6,500.
The price correction on select variants of S-Presso and Alto K10 may be induced by a slump in sales. Maruti Suzuki clocked 181,782 units sold, down from 189,082 units in the same month last year, registering a 3.9 per cent drop.
S-Presso and Alto K10 are available with a 1-litre, K-Series petrol engine and offer excellent fuel efficiency.
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