New Delhi : Tata Motors on Monday cut prices of its Indica and Manza range of passenger cars by up to Rs 50,000 to arrest falling sales. The company, however, increased the prices of its sports utility vehicle range, comprising Sumo, Safari and Aria, by up to Rs 35,000 following the excise duty hike in the Budget.
“We have cut prices of Indica and Manza cars as we want to boost the morale of customers to give them a value proposition and make it more attractive to improve weak market sentiments,” a Tata Motors spokesperson said. The official, however, said there will be no change in the prices of its small car Nano.
The Indica range is priced between Rs 3.29 lakh and Rs 4.88 lakh, while the Manza is available for Rs 5.71-8.80 lakh. These prices are according to the company’s official website.
In February, the total passenger vehicle sales of Tata Motors in domestic market fell by 69% to 10,613 units against 34,832 units in the same month last year.
The Budget for 2013-14 hiked the excise duty on SUVs from 27 per cent to 30 per cent. However, the increase is not applied to SUVs registered as taxis.
While the new prices of Sumo range starts at Rs 6.01 lakh, the Safari is available from Rs 8.62 lakh. The Aria’s price starts at Rs 10.17 lakh.
