
Mahindra & Mahindra cuts Logan prices by Rs 80,000
MUMBAI: Mahindra & Mahindra, India's largest utility vehicle and tractor maker, said on Thursday it has cut the price of its no-frills Logan sedan.
The price of the car was cut by Rs 24,000 to 80,000 to provide better value for its customers, Mahindra said.
Last Friday, Mahindra bought out its French partner Renault's 49 percent stake in the joint venture that makes and sells Logan in India.
The split was following differences over design and engineering of the Logan, and extension of the joint venture to manufacture other models. It was impossible to function with just one model, when rivals such as Maruti Suzuki and South Korea’s Hyundai Motor were launching a slew of cars to gain market share.
source: economictimes