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SUV prices reduced

NEW DELHI: Following excise duty cut on big cars and sports utility vehicles (SUVs) announced by Finance Minister Pranab Mukherjee in his budget proposals, automobile manufacturers have started reducing the prices of their vehicles. Hyundai Motor India on Wednesday said its premium sedan Sonata Transform (petrol), powered by a 2.4 litre engine, will be cheaper by Rs. 5,852 at Rs. 13.84 lakh (ex-showroom, Delhi). Similarly, Honda Siel Cars India has decided to reduce the prices of its two models — premium sedan Accord and SUV CR-V — by Rs. 5,000, with immediate effect.

Hindustan Motors Ltd (HML), which sells various models of Japanese automaker Mitsubishi, has also cut Pajero, Outlander and Montero prices by Rs. 6,000.

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