Logan cheaper by Rs. 60000

Mahindra Renault announces a discount of Rs. 60,000 on its Logan Sedan about a day after  Maruti Suzuki and Hyundai Motor decided to cut vehicle prices in the wake of a reduction in taxes.

Nalin Mehta, CEO, Mahindra Renault, said, "We are offering a uniform discount of Rs 60,000 on the car from tomorrow, which is a mix of direct cash discount from us and the benefit arising out of the Cenvat rate cut." The government on Sunday announced a 4-per cent cut in the central value-added tax (Cenvat).

The price cut will be across all the nine variants of the Logan and will come into effect from Wednesday.

The base variant of the car, 1.4 GL (petrol), which is currently priced at Rs 4.72 lakh (ex-showroom Mumbai), will now be available at Rs 4.12 lakh. Similarly, the base variant of the car, 1.5 DLE, will be priced at Rs 5.15 lakh as against its current price of Rs 5.75 lakh. Customers can also avail themselves of a bonus of Rs 10,000 under an exchange offer, which will be in addition to the Rs 60,000 cash discount.

The Price of the base variant of the Logan (GL) at close to Rs 4 lakh. The discount rates on the Logan sedan will be till December 27, the company said. Of late, car sales have received a battering due to the ongoing slump in the industry, largely triggered by lack of adequate finances.

Maruti Suzuki had cut prices in the range of Rs 6,500-23,000 on its models except on the Vitara sports utility vehicle. Korean car major Hyundai too had slashed car prices on models ranging from Santro to Sonata by Rs 8,000-Rs 44,000.

The price-cut makes the Logan all the more attractive to Indian Buyers with its amazing Fuel Efficiency and Low ownership costs.

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-ClubLogan.com

Source : Business Standard