JOIN USAutomakers are on a price-cutting spree, and joining the customer-centric bandwagon are Renault and homegrown Tata Motors and Mahindra.
French car major Renault has cut the price of its hatchback Kwid Climber AMT in the range of Rs 5,200 to Rs 29,500, while the Duster RXZ AWD prices are reduced between Rs 30,400 and Rs 1,04,700, and that of Lodgy Stepway RXZ between Rs 25,700 and Rs 88,600.
“Reflecting our customer-first approach, we have decided to pass on GST benefits to our customers, further enhancing the value proposition of our products,” Renault India Operations Country CEO and Managing Director Sumit Sawhney said.
Meanwhile, Tata Motors cut prices for its passenger vehicles in the range of Rs 3,300 to Rs 2.17 lakh, while Renault’s price reduction ranges from Rs 5,200 to Rs 1.04 lakh.
“We are offering a price reduction of up to 12% ranging between Rs 3,300 and Rs 2,17,000, depending on the model and variant,” Tata Motors President (Passenger Vehicles Business Unit) Mayank Pareek said.
The company has cut prices of SUV Hexa ranging between Rs 1.04 lakh and Rs 2.17 lakh, Tiago by up to Rs 52,000 and Tigor by up to Rs 60,000.
Prices of Mahindra vehicles for end-customers on large UVs and SUVs have been reduced by an average of 6.9%, while those that come under the small car segment have been reduced by an average 1.4%.
“We believe that this landmark reform will benefit consumers, thus being a win-win for all. The transition to GST has been seamless for the company,” Mahindra & Mahindra Managing Director Pawan Goenka said.