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HM cuts Lancer price

By Our Staff Reporter

NEW DELHI OCT. 21. To woo buyers opting for premium mid-size cars, Hindustan Motors today announced a major cut in the price of Mitsubishi Lancer by Rs.70,000 to Rs. 6.50 lakhs (ex-showroom Delhi).

According to the company's Vice-President, G. Shyamsundar, the new price of the base GL model without power windows would be offered for two months, especially to target taxi operators. Hindustan Motors was also planning to introduce new Lancer models in another one year, said Mr. Shyamsundar while launching a limited edition variant of Lancer, Excel, of which only 200 units would be manufactured. The new edition is priced at Rs. 8.25 lakhs and Rs.9.24 lakhs (ex-showroom Delhi) for the petrol and diesel versions, respectively.

The company is also planning to launch a luxury car and a sports-utility-vehicle (SUV). At present, it also assembles SUV Mitsubishi Pajero.

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