The country’s second largest car manufacturer and the largest passenger car exporter today announced that it will pass on the full benefits of the additional duty of excise reduction announced by the finance minister in the recent budget.
Hyundai Motor India offers a full range of cars starting from the entry level compact Santro to the premium luxury sedan — the Sonata Transform.
According to the duty reduction announced in the budget any car equipped with an engine capacity of over 2 litre will have a reduced excise duty. Earlier the additional duty of excise was Rs 20,000 but after the recent budget announcement this has been brought down by Rs 5,000.
The Sonata Transform is powered by a 2.4 litre engine and hence directly benefits from the duty reduction.
Commenting on the new price Arvind Saxena, senior vice president, Marketing and Sales said, “We will pass on the full benefits of the excise duty reduction to our customers.”
The new Sonata Transform was launched in January, 2009 and is sold in petrol, diesel and with an Automatic transmission for the diesel variant. The total cost benefit to the customer will be Rs 5,852 and the new price for the Sonata petrol is now Rs 13,84,448 (ex-showroom, New Delhi).
Both trucks are car qualify for the Cash For Clunkers but not the motorcycles.
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