Mumbai: Nissan Motor India has slashed the prices of its vehicles by up to 6 percent from February 18 following a cut in the excise duty announced in the interim Budget.
"The price reduction by Nissan is in the range of 4 to 6 percent and will apply to Micra Active, Micra, Sunny, Evalia, Terrano and Teana," Nissan Motor India said in a release issued Wednesday.
Stating that the reduction in excise duty is a welcome move towards the revival of the domestic automobile industry, Nissan Motor India president Kenichiro Yomura said, "We at Nissan are happy to pass 100 percent of the tax benefits to our customers."
The company is confident that this (excise duty cut) will make its products more accessible and drive growth across the range.
Nissan sells a range of car models, priced between Rs 3.5 lakh and Rs 25.47 lakh (ex-showroom Delhi).
Finance Minister P Chidambaram had announced reduction in excise duty on small car, motorcycles, scooter and commercial vehicles to 8 percent from 12 percent, and on SUVs to 24 percent from 30 percent.
Large cars also saw excise reduction to 24 percent from 27 percent earlier and mid sized cars to 20 percent from 24 percent.
