Date:02/03/2006 URL: http://www.thehindubusinessline.com/2006/03/02/stories/2006030203520200.htm

Back Baleno price cut by Rs 8,000

Our Bureau

New Delhi , March 1

Maruti Udyog Ltd has cut the price of its premium car Baleno by Rs 8,000 after custom duties were brought down in the Union Budget. With this, the ex-showroom price (Delhi) of Baleno LXi comes down from Rs 5,83,173 to Rs 5,75,173 and that of Baleno VXi from Rs 6,65,556 to Rs 6,57,556, a drop of Rs 8,000 in each variant.

The new price comes into effect from March 1. Maruti's models such as Esteem, Swift, Versa and Gypsy have a very low level of import content, and hence their prices will not change. In comparison, the Baleno has higher import content and benefits from the reduction in custom duties.

In response to the excise concessions in the Union Budget, Maruti had announced on Tuesday a price reduction on five models.