"Hindustan Motors is passing on the entire benefit to the customers who can expect a Rs 6,000 cut in Pajero, Outlander and Montero prices effective from July 7," a company statement said.
Mukherjee said in his budget speech that specific component of excise duty applicable to large cars and utility vehicles will be reduced to Rs 15,000 per vehicle from Rs 20,000 earlier.
"HM-Mitsubishi Motors believe in giving the best value for money to their customers," R. Santhanam, managing director, Hindustan Motors Ltd said.
The ex-showroom prices of these models will be same across the country under HM-Mitsubishi's "one country, one price" concept in India.