Premium cars to be cheaper

Premium cars to be cheaper
Comment E-mail Print Share
First Published: Wed, Jul 08 2009. 12 36 AM IST
Updated: Wed, Jul 08 2009. 12 36 AM IST
Mumbai: The India unit of Honda Motor Co. Honda Siel Cars India Ltd on Tuesday said its Accord and CR-V models would be cheaper by Rs5,000 with immediate effect. Ford India Ltd also announced a reduction of Rs6000 on its Endeavor model on Tuesday. Hindustan Motors Limited (HML) has already announced a price cut of Rs6000 on its Pajero, Outlander and Montero models.
The cuts come on the heels of the Union Budget proposal to reduce excise duty on cars with engine capacity of at least 2000 cc from Rs20,000 per vehicle to Rs15, 000 per vehicle Utility vehicle maker Mahindra and Mahindra Ltd and Toyota Kirloskar Motor India Ltd will also be reducing prices on their models, top executives at both firms told Mint.
Comment E-mail Print Share
First Published: Wed, Jul 08 2009. 12 36 AM IST