 New Delhi: Automakers Ford India and Honda Siel Cars India on July 7 announced a price cut of some of their models by up to Rs 6,000 a piece to pass on the benefit of excise duty cut on large cars announced in the Union Budget.
Ford India has announced a price cut of Rs 6,000 for its Sport Utility Vehicle (SUV) ‘Endeavour’ and Honda Siel Cars India (HSCI) decreased the prices by Rs 5,000 for its luxury sedan ‘Accord’ and SUV ‘CR-V’.
In a statement Ford India said, “The price reduction of Rs 6,000 will be applicable to all three variants of the Endeavour.”
Ford India Vice-President (Sales) Tim Tucker stated, “The duty reduction has been a welcome step taken by the government though the reduction is limited only to large cars. We are pleased to pass the benefit of the reduction on the Endeavour to the consumer in its entirety.”
In the meantime, HSCI has also cut prices of its models. After the cuts, while ‘Accord’ would be priced between Rs 17.72 lakh and Rs 24.80 lakh, ‘CR-V’ would now come at Rs 22.92-Rs 23.62 lakh.
Hindustan Motors had already cut the prices of its partner Mitsubishi’s ‘Pajero’, ‘Outlander’ and ‘Montero’ by Rs 6, 000.
GM India, Toyota Kirloskar Motor and BMW had also said that they would pass on the benefit of excise cuts to consumers.
The government had proposed to decrease the additional excise duty on big cars with engine capacities of 2,000 cc and above by Rs 5,000 per unit in the Budget for 2009-10. It also announced a duty cut on petrol-driven trucks to eight per cent from 20 per cent now.
|
