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For instance, in Delhi the base variant of the e2o will come at 4.99 lakh as against 6.5 lakh earlier, he added.

Commenting on the idea behind the scheme, Maini said: “We have had a lot of customers who liked the car but were deterred by the cost. Now with this, we hope we will make it more affordable for them and push up sales.”

The sales of the electric car have been not up to expectations since it was launched in March last year with less than 500 units.

Expressing disappointment over the interim Budget proposals, he said: “It has done something for the conventional car but the electric segment has been left out.”

Finance Minister P. Chidambaram on Monday announced cutting of excise duty on small car, motorcycles, scooter and commercial vehicles to 8 percent from 12 percent, while that of SUVs to 24 per cent from 30 percent. Large cars also saw excise reduction to 24 per cent from 27 per cent earlier and mid sized cars to 20 per cent from 24 per cent.

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