Audi,Volkswagen cut prices in India

Wednesday, 17 December 2008, 14:43 IST
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New Delhi: The Indian arms of two German auto majors, Audi and Volkswagen, Tuesday announced price reduction of their models following the reduction of excise duty and central value added tax (Cenvat) by four percent. The Audi A8 model will be cheaper by 279,000, Audi Q7 by 185,000, Audi A6 by 1,51,000 and Audi A4 by 1,21,000. The new prices (ex-showroom Mumbai) came into effect Dec 12. The Audi range sold in India, which includes the recently launched super sports car Audi R8, is available in 12 cities - Ahmedabad, Delhi, Gurgaon, Chandigarh, Mumbai, Pune, Bangalore, Hyderabad, Ludhiana, Chennai, Kochi and Kolkata. “We welcome this decision by the government of India. Audi believes in providing value to the customers and hence the entire four percent reduction will be passed on to our customers,” Audi India managing director Benoit Tiers said in a statement. Similarly, Volkswagen India has reduced prices of its Jetta and Passat models by 45,194 to 80,859 across all variants. "We are happy to pass on the full benefit of the duty reduction to our valued Indian customers. Going forward it will be our endeavor to support government initiatives aimed at arresting the economic downturn," said Joerg Mueller, president and managing director Volkswagen India.
Source: IANS