Does the Maruti Suzuki car GST rate cut reduce the need for heavy festive season discounts?

I don’t think so. Festive discounts are more about psychology and marketing than price. Even if GST rate is reduced, companies will still give big offers during Diwali to create hype.

Yes, carmakers may not need to give huge festive discounts now. Because base price is already reduced, even a small offer will look attractive to buyers. Earlier discounts of ₹50,000 were needed to attract customers. Now maybe ₹10,000 or ₹20,000 discount will be enough.