Honda Siel cuts prices following 8% reduction in excise duty

New Delhi: Honda Siel Cars India has reduced the prices of its cars following the 8-per cent reduction in the excise duty announced in Budget 2003-04.

The prices of Honda cars have been reduced in the range of Rs 27,000-35,000 for the Honda City models and up to Rs 65,000 for the Honda Accord. The new prices will be effective across India with immediate effect.

Says Honda Siel Cars India vice-president N K Goila: “The 8-per cent reduction in the excise duty on cars is surely a long-awaited and welcome decision. We are sure this move will more than cover up for the low industry sales during the month of February 2003, in the wake of the expected excise cut.“