Friday, July 15, 2005

Price of Fiat Palio cut by 22,000

Fiat India Private Ltd has announced a cut down on the prices on its flagship brand Palio. The price reduction from Fiat, with immediate effect in Mumbai, will be implemented for all the three Palio models. Price reduction in other parts of India will be made over the next few days. With this reduction the top end model Palio -1.25 litre ELX will now be available at Rs. 4.15 lakh which means Rs. 22,000 less than its current mark up. The price of Palio 1.25 EL is also expecetd to be reduced accordingly. The descision to reduce the prices is said to be taken to beat the tough competetion given by latest brands Swift and Getz.