Good news for all the Palio and Fabia lovers. While Palio Stile goes in for a Rs. 12,000 slash in prices for all the three variants, SL, SLE and SLX, Skoda Fabia becomes cheaper by Rs. 18,000. For Fabia, the reduction in prices holds true for its diesel variants.
The price reduction is a result of the bringing down of the excise duty from 16% to 12% for all the small cars within 4000 mm in length and having an engine capacity of not more than 1500cc.