Thursday, Jun 09, 2005
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NEW DELHI: Striving to keep its share intact in the fiercely competitive car market, Hyundai Motors on Wednesday announced a major price cut of up to Rs. 19,000 in its Santro Xing models while introducing lower-end variants. Santro Xing XK has been priced at Rs. 3.27 lakh, down from about Rs. 3.46 lakh earlier while the XL variant of Santro Xing will be priced at Rs. 3.46 lakh, down by over Rs. 16,000. The company also launched a new variant — Santro Xing XK Non AC — with a higher price tag of Rs. 2.79 lakh, up by Rs. 7,794. These three new variants replace the three from the existing five models of Santro Xing. The move from Hyundai, second in terms of overall market share, comes within a month of Maruti launching its new model, Swift, with a price tag of Rs. 3.87 lakh. The new Santro Xing variants — XK-Non AC, XK and XL — will have the latest 1.1 litre engine with eRLX Active intelligence technology. — PTI
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