India’s leading and top car makers have been slashed the prices of their models range according to the new excise duty cut in interim budget 2014, and these makes are Maruti Suzuki India, Hyundai Motor India, Honda Cars India, Nissan Motor India, Volkswagen India, Mahindra & Mahindra, Fiat India, Audi India and Mercedes-Benz.
Tata Motors, General Motors and Toyota said to media that they would pass the entire benefit to the customers according to new excise duty cut and they are currently working on the details of the exact reductions.
Honda Cars India announced the price cuts across its model range about Rs. 14,650 to Rs 44,741, the Honda City cut of Rs 24,000.
Volkswagen Polo cut prices between Rs. 18,000 – Rs. 31,000 variants based. Volkswagen Vento would be price reduced between Rs 14,500 – Rs 27,000 and for the Jetta it would reduced by Rs. 38,000 – Rs. 51,000.
The refreshed version of Chevrolet Beat cut prices of Rs. 12,000 and Tavera gets a cut of Rs. 45,000 to Rs 49,000 variant based.
The following car makers reported prices cut of their model range:
| Car Makers | Prices slash by Model Range |
| Maruti Suzuki India | Rs. 8,502 to Rs. 30,984 |
| Hyundai Motor India | Rs. 10,000 to Rs. 1,35,3000 |
| Volkswagen India | Rs. 14,500 to Rs. 51,000 |
| Mahindra & Mahindra | Rs. 13,000 to Rs. 49,000 |
| Mahindra Ssangyong | Rs. 92,000 |
| Fiat India | Rs. 8,000 to Rs. 12,000 |
| Honda Cars India | Rs. 14,650 to Rs. 44,741 |
| Audi India | |
| Audi A4 Sedan | Rs. 72,000 to Rs. 90,000 |
| Audi Q5 SUV | Rs. 2.22 lakh |
| Audi Q7 SUV | Rs. 2.84 lakh to Rs. 3.82 lakh |
| Mercedes-Benz India | |
| Mercedes GL-Class SUV | Rs. 2 lakh |
| Mercedes E-Class | Rs. 70,000 (Approx.) |
So, this is the right time to buy new car…. if you were planning.