A base model Satria Neo GX manual now starts at just $14,990 while keeping the same level of standard equipment as the current model.
This represents a saving of $2,000 for GX manual buyers and $1,000 for the GX automatic which now starts at $16,990.
Standard kit is surprisingly generous and includes air-conditioning, reverse sensors, ABS anti-lock brakes with EBD, SRS dual front airbags, seat belt pre-tensioners, power steering, power windows and mirrors, central locking with remote keyless entry and an alarm with immobiliser.
The high spec GXR manual also receives a significant price reduction, starting at $17,990 - a saving of $1,000.
The GXR variant adds 16-inch alloy wheels with Continental Conti Sport Contact low-profile tyres, rear spoiler, cruise control (Auto only), auto climate control air-conditioning and front fog lights in addition to GX trim as standard.
"Satria Neo was the only model in the Proton range that was not ranked amongst the most competitively priced vehicles in its category and we knew it was due for a price revision," Proton Cars Australia's general manager of sales and operations Billy Falconer.
As it currently stands, the Persona and Gen.2 manual models represent the lowest price point in the small passenger car category, the Savvy is the best priced in the light passenger car category and the Jumbuck is the best priced in the ute and cab chassis category.
Both the GX and GXR models are powered by a 1.6-litre petrol engine with peak power of 82kW and 148Nm, which returns a combined fuel consumption figure of 7.2-litres per 100km.
Satria Neo comes with Proton's full three-year unlimited kilometre warranty with a seven-year anti-corrosion warranty along with three year's 24 hour roadside assistance at no extra cost.