Hyundai Motor India prices down by Rs 19,419

New Delhi - The Union budget announced today brought about the much awaited excise duty cut for the small car segment at a time when the industry was just beginning to witness flattening growth curve. Hyundai Motor India the country’s second largest passenger car manufacturer and the largest exporter which offers a full range of cars starting from compact to premium luxury cars will offer its customers a much revised price package for it compact cars.

The competitive price of Hyundai cars are set to become even more competitive after this years Union Budget with the price cut going as high as Rs 19,419 for its Getz Prime CRDi mode. The HMI range of cars now start at an attractive Rs 261,631 for it flagship model – the Santro and goes up to Rs 351,482. The newly launched, segment defining, i10 sports a new price tag of Rs 330,686 making it one of the best priced cars in this segment.

Commenting on the Government’s decision to revise excise duty, Arvind Saxena, Sr.VP Marketing & Sales, HMI said “we welcome the attention to the automobile industry in this budget and the Finance Minister’s gesture of bringing down the excise duty. At a time when the industry sales seemed to be tapering off this has come as major boost and it will help the industry maintain its growth rate. Today 75% of the car sales are that in the compact segment and this cut in excise duty will benefit the manufacturers and the customers alike. As for Hyundai it has made our products more attractive to our customers”.

The price changes will be in effect immediately.