S-Presso could get only a BS6-compliant 1.0-litre petrol engine with a 5-speed.
The combined entities held 9.64 per cent holding in the bank which now stands at 6.89 per cent.
On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent.
At present, 60 per cent of auto components are taxed at 18 per cent.
The upcoming entry-level Maruti is expected to bear a starting price tag of around Rs 3.5 lakh.
Total handsets produced in India clocked 290 million units valued at Rs 1,81,000 crore during 2018-19.
The GST Council may consider merging the two brackets 12 per cent and 18 per cent to a single bracket.
The S-Presso will be offered in a total of four trim levels and take on the Renault Kwid.
Government slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.
Most of the bank stocks are in the higher tax bracket and will see improvement in earnings.
Biggest single-day jump in a decade, m-cap up Rs 7 lakh crore.
Sensex surges 1,921.15 points to end at 38,014.62; Nifty zooms past 11,200.
Gold is trading at Rs 38,390 per 10 gram after Finance Minister Nirmala Sitharaman announced corporate tax cut.
Most sub-4m sedans saw their sales drop in August 2019
Corporate tax rate cut for companies by almost 10 percentage points to 25.17 per cent.
The GDP growth in the April-June quarter of the 2019- 20 fiscal was 5 per cent, according to government data.
Corporate tax rate cut from 30 pc to 25.2 pc to spur growth- this is a great move which will firmly revive growth and investment.
Governor also welcomed the government announcement in the morning to slash corporate tax across the board.
The scrip, which faced severe drubbing in the previous trade, jumped 8.21 per cent to Rs 58.60 on the BSE on Friday.
The proposed GST tax cuts will have limited impact on government revenue.