Hyundai Motor India Ltd. (HMIL), the country’s largest passenger car exporter and second largest car manufacturer has announced that it will pass in 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 would come into effect from 18 Feb 2014.