Mumbai: Fiat India has announced a reduction on its prices upto Rs12,000 on its flagship model Palio Stile 1.1 L, according to company statement.
The price reduction of upto Rs12,000 will be applicable on the three versions SL, SLE and SLX, it said.
Speaking on the price revision, Rajeev Kapoor, chief executive officer, Fiat India said, “We welcome the Finance Minister’s move on reduction in Cenvat rate and have decided to pass on the benefit to our customers.”
The price revision would be applicable across the country with effect from 1March.
Fiat India is a 50:50 joint venture between Fiat Group Automobiles SPA and Tata Motors.