The company reduced the prices of its flagship brand Santro between Rs 8,834 and Rs 12,492, Hyundai Motor India said.

'i10', the company's latest offering to the market, would now be available between Rs 3.26 lakh and Rs 5.25 lakh, cheaper by up to Rs 18,381.

HMIL also said its premium hatchback 'Getz' would be cheaper by Rs 13,413-Rs 19,422 across different variants.

Likewise, its mid-size sedan 'Verna' would see a price reduction between Rs 19,625 and Rs 26,174, while Accent price is lowered by Rs 15,540.

Its top-end sedan 'Sonata' has been made cheaper between Rs 38,006 and Rs 44,792.

As part of its stimulus package for the economy, the government on Sunday reduced CENVAT by four per cent across the board.

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