Hyundai & Mitsubishi vehicles cheaper
The Indian government's recent decision to implement a 4% reduction in central value added tax (CenVAT) seems to be working in favour of car buyers, since most companies are choosing to pass on the benefit to consumers. Hyundai Motor India Ltd. (HMIL), for example, has revised prices across its entire range, except for the Tucson SUV, which is imported into India as a CBU.
Prices have been reduced by Rs 11,000 for the Hyundai Santro GL, Rs 12,500 for the Santro GLS LPG, Rs 14,400 for the i10 Sportz, Rs 13,400 for the Getz GLE 1.1, Rs 15,200 for the Getz GLX 1.3, Rs 19,400 for the Getz CRDi, Rs 15,500 for the Accent, Rs 19,600 for the Verna, Rs 26,000 for the Verna CRDi and a massive Rs 45,000 for the Sonata CTDi Automatic.
Hindustan Motors has also acted quickly, and announced reduced prices for all its Mitsubishi cars. Prices have been reduced by Rs 25,000 for the Lancer LXd, Rs 30,000 for the Cedia, Rs 65,000 for the Pajero and Outlander and Rs 1.20 lakh for the Montero.
[Via: indiautomotive]