High-end cars to be priced a little lower

The Union Budget 2009-10 has given a chance to own luxury items at lower prices due to proposed cut in taxes and duties. The auto sector has also been provided with some great announcements like excise duty cut on big cars. As soon as the news spread, several auto makers has promised to reduce the prices of the big cars. Mitsubishi has taken the lead by announcing price cut of Rs 6,000 on its Pajero, Outlander and Montero cars. Responding in the same spirit While BMW, General Motors and Toyota said they would pass on the benefits of excise cut, Tata Motors said it would soon announced its decision on it. "We will pass on the benefits of this excise duty cut to our customers immediately," General Motors India Vice President P Balendran told reporters. Another carmaker Toyota Kirloskar Motor (TKM) would also react according to the Budget's proposal. "We have always been passing on all benefits to the customers, which we get from the government. Though this cut is very minimum, still we will pass on this," TKM Deputy Managing Director (Marketing) Sandeep Singh said.