Hyundai Motor India (HMIL) on Wednesday announced a marginal reduction in the prices of its cars in the Tamil Nadu market, where Value Added Tax (VAT) has been implemented from January 1 2007. It has reduced the price of Santro XL by Rs 1,816, the Getz GLS by Rs 2,828, the Accent GLE by Rs 4,040, the Verna CRDi by Rs 8,068 and the Sonata MT by Rs 9,233. The company termed the marginal price reduction as "passing on the benefit" to its customers. The implementation of VAT in Tamil Nadu has resulted in a flat levy of 12.5% on all automobiles. It replaced the multiple tax regime involving 12.6% local Sales Tax and 1% turnover tax.