Hyundai slashes car prices by up to Rs.33,000December 4th, 2008 - 7:29 pm ICT by IANS
New Delhi, Dec 4 (IANS) In an attempt to boost sales in a depressed market, auto major Hyundai Motor India Thursday slashed prices of its cars by up to Rs.33,000, besides offering benefits like free insurance and exchange bonus.The company said in statement that its popular Santro model will now be cheaper by Rs.33,000 at Rs.299,000.
The price of Accent will go down by Rs.7,200 to Rs.499,903, while Verna will be cheaper by Rs.24,000, the company said.
Hyundai is also offering free insurance, exchange bonuses and free car accessories worth as much as Rs.15,000 to attract reluctant customers.
“The schemes announced should provide an impetus for our sales and offset part of the ownership cost, which has gone up considerably in the past few months,” Hyundai India senior vice-president (marketing and sales) Arvind Saxena said.
Car Sales figures have been plummeting since January 2008, leaving the auto industry in red. Rising inventory costs and slack in demand have led various auto makers to look up to the government for a possible cut in interest rates and excise duty.
- Hyundai Motor's November sales up 28.1 percent - Dec 01, 2011
- Hyundai to increase car prices from January - Dec 07, 2011
- Hyundai to increase production of Verna - Jun 28, 2011
- Interest rates, fuel price hike dampen automobile sector (Roundup) - Jun 01, 2011
- Hyundai's June sales up by 3.5 percent - Jul 02, 2012
- Hyundai India's May volume growth up two percent - Jun 01, 2011
- Hyundai Motor's April sales up 4.9 percent - May 02, 2012
- Interest rates, fuel hikes dampen automobile sales in June (Roundup) - Jul 01, 2011
- Stimulus effect: Car companies cut prices across models (Lead) - Dec 08, 2008
- Hyundai Motor India plans new models to beat competition - Sep 24, 2010
- Auto makers log growth despite rising prices - May 02, 2011
- Indian automobile sector's March sales soar (Roundup) - Apr 01, 2011
- Renault to increase prices of Koleos - Dec 14, 2011
- Hyundai's March sales grow by one percent - Apr 01, 2011
- India's car makers begin 2011 with impressive sales growth - Feb 01, 2011