New Delhi: Car major Ford today cut the price of the diesel variant of its compact car Fusion by Rs 22,000.

The company said it was passing on the benefit of the reduction in the excise duty on small cars from 16 per cent to 12 per cent in the Union Budget 2008.

After the price cut, the diesel variant of Fusion would be available at Rs 6,43,500 (ex-showroom Delhi), it said.

The revised pricing would be effective with retrospective effect from March 1,it added.
Source : PTI