Budget ’08 Effect : TATA Indica, Indigo, CS and Skoda Fabia price reduced.

Thanks to Mr. Chidambaram’s new budget ’08 , the excise duty cuts on small cars. Finance Minister P Chidambaram on Friday proposed to reduce excise duty on small cars and two-wheelers to 12 per cent from the previous 16 per cent post which varies automobile companies have been reducing prices of their products. TATA and Skoda have already started to pass the benefit to its customer.

The prices of Indica range have been reduced in a range of Rs 8,500 to Rs 14,600 while prices of the recently launched Indigo CS have been reduced in a range of Rs 12,700 to Rs 15,300, a company official said. TATA has also reduced the prices of its entire commercial vehicle range by two per cent.

Luxury car maker Skoda has also announced a cut of up to Rs 18,000 on its hatchback Fabia’s diesel variants. Skoda on Saturday reported a 102 per cent increase in its sales during February at 1,303 units. Sales in the month comprised 524 units of Fabia.

Author : iWonder

Sreejith is a freelance web designer and blogger who likes music, driving and photography. My Personal Blog is Sreejith.Net. You can catch me tweet at @sreejithrk

Other posts by iWonder