Baleno -RS Cheaper by 1 Lakh
The automobile industry has been on the wane and the dismal figures are proof that the industry is tottering on the brink, even as continuous fiscal measures are being announced by the Finance Ministry. However, the government has refused to lower the slab where GST is concerned for the automobile sector.
The country's largest car-makerr had reduced the prices of some of it's select models by Rs.5,000. Now, in the wake of corporate tax cuts announced by Finance Minister Nirmala Sitharaman, the car-maker has decided to slash the price of this model by Rs.1 lakh. The Baleno-RS model is a part of the company's Nexa series of premium and luxury cars.
Passenger vehicle sales plunged by as much as 31.57 per cent this August, making it the tenth straight month of decline in sales as also the steepest fall in the segment as yet.