The country's second largest car manufacturer and the largest passenger car exporter 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 Ltd offers its customers 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 Sr VP, Marketing and Sales said,
"We have always kept our customers in mind and created value for them. We will pass on the full benefits of the excise duty reduction to our valued customers. The Sonata Transform is a premium car with all the options and it had always catered to customers who looked for the ultimate luxury without having to pay exorbitantly for it."
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 an attractive Rs1,384,448 ( ex-showroom, New Delhi).
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