Mahindra Renault reduces the price tag of Logan by Rs 60,000
Recently due to the reduction of the Excise Duty (CENVAT) by 4%, Mahindra Renault has decided to slash the price tag of Logan by Rs 60,000.
The price cut will be uniform across all the nine variants of the mid-sized sedan and will come into effect from Wednesday.
Nalin Mehta, chief executive officer, Mahindra Renault, said, “We are offering a uniform discount of Rs 60,000 on the car from tomorrow, which is a mix of direct cash discount from us and the benefit arising out of the Cenvat rate cut.” The government on Sunday announced a 4-per cent cut in the central value-added tax (Cenvat).
The base model of the Logan, 1.4 GL petrol priced at Rs. Rs 4.72 lakh (ex-showroom Mumbai), will now be available at Rs 4.12 lakh. Similarly, the Logan 1.5 DLE model will be available at a price of Rs 5.15 lakh against the current cost of Rs. 5.75 lakh.
Customers can also avail themselves of a bonus of Rs 10,000 under an exchange offer, which will be in addition to the Rs 60,000 cash discount. The discount on Logan Sedan will be till December 27, 2008.
Mahindra hopes to increase its sales which was badly effected due to the instability in the market and finance options.
In November, the company managed to sell just 300 units of the car as against a total of 1,561 units sold in the same month a year ago, a drop of more than 80 per cent. In the April-November period, the company sold 10,584 units, a drop of nearly 35 per cent as compared to 16,268 units sold in the corresponding period a year ago.
Source: Business Standard