Hyundai Motor India cuts prices on reduction of excise tax

India's largest passenger car exporter and second largest car manufacturer Hyundai Motor India Ltd. (HMIL) has passed the full reduction of excise tax benefit to customers in India. The price deduction benefit will be applicable to all the models from Eon to Santa Fe.

Commenting on the passing of the benefit of reduction of Excise Duty to the Customers, Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing, HMIL said, "The reduction in Excise Duty would substantially reduce the prices, making cars more affordable. The quantum of benefit will vary from Rs. 10,000/- to Rs. 1, 35,300/- across all the models. Hyundai Motor India Ltd will extend the benefit of these excise duty cuts to customers with immediate effect & will also support its dealerships suitably."

The new prices across all the models have come into effect from 18 Feb 2014.

Source : Equity Bulls

Keywords