09 July 2009;economictimes.indiatimes.com:NEW DELHI: Car maker Nissan Motor India on Thursday cut the prices of its products by Rs 5,000 following the Budget's proposal to reduce the excise duty on big cars. "We welcome and appreciate the positive direction taken by the government and have decided to pass on the entire benefit to our customers," Nissan Motor India Managing Director Kiminobu Tokuyama said in a statement. The company would now offer its sports utility vehicle X-Trail between Rs 20.35 lakh and Rs 24.65 lakh (ex-showroom, Delhi). Luxury sedan Teana of the Japanese car maker would be available for Rs 21.42 lakh in India, the statement said. Other car makers, including Mitsubishi, Hyundai and Ford, have also reduced their prices up to Rs 6,000 to pass on the benefit of excise cut. The Budget has proposed to reduce the additional excise duty on big cars with engine capacities of 2,000 cc and above by Rs 5,000 per unit.
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