Auto maker Hindustan Motors today announced to cut the price of its light commercial vehicle 'Winger' by an average of about Rs 7,000 per unit, with immediate effect, in order to pass on the benefit of the two per cent cut in excise duty by the government.
"We have responded to the government's move by passing on the benefit from the excise duty cut to our customers. This move will certainly help in increasing demand," Hindustan Motors Ltd (HML) Managing Director Ravi Santhanam said in a statement.
The company would cut the price of its 2.3-tonne mini-truck 'Winger' to about Rs 3.83 lakh (ex-showroom) from the existing Rs 3.90 lakh(ex-showroom).
"In addition, HML will be passing on the duty cut benefit on castings and forgings that it supplies to the OEMs. Spare parts' prices will also be impacted and would come down," the statement said.