Automobile companies Wednesday said they will pass on to customers the benefit that would follow the excise duty cut announced in the interim budget for 2014-15. <br /><br />Chennai-based Hyundai Motor India said it has reduced prices in the range of Rs.10,000-Rs.135,300 on the entire range of products. <br />"The reduction in excise duty would substantially reduce the prices, making cars more affordable," said Rakesh Srivastava, senior vice president, sales and marketing, HMIL.<br />Mahindra & Mahindra also announced reduction in prices of its passenger vehicle portfolio ranging between Rs.13,000 and Rs.49,000. <br /><br />The company said it will also reduce the price of its premium sports utility vehicle (SUV), Rexton, by up to Rs.92,000. <br /><br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
