In order to boost sales in a depressed market, Hyundai Motor India has announced that it has trim down prices of its cars by up to Rs 33,000, besides providing benefits like free insurance and exchange bonus.

According to the sources, the company's popular sedan Santro will now be cheaper by Rs 33,000 at Rs 299,000.

The company also sweetened the offer on its Accent and Verna models. The price of Accent will further slashed by Rs 7,200 to Rs 499,903, while Verna will be cheaper by Rs 24,000.

To draw reluctant customers, Hyundai is also offering free car accessories worth as much as Rs 15,000.

 According to the company officials, the schemes will offer an impetus for its sales and offset part of the ownership cost, which has soared up in the past few months.