The launch of the SsangYong Rexton seems to have led Mitsubishi to reduce the prices of the Pajero Sport. As much as Rs 1.87 lakh has been knocked off the Pajero Sport’s price to make it more affordable at Rs 22.56 lakh, ex-Delhi. This price reduction has come in after Hindustan Motors started CKD assembly of the model at its Tiruvallur plant in Chennai. As of now, the localization ratio for the Pajero Sport is only 14 per cent but the company is looking at 30 per cent by the end of 2013. Towards the end of this year, HM will also increase the number of its dealers to 55 from 40.