TVS Motors Cuts Two-Wheeler Prices
TVS Motor Company has cut its two-wheeler prices on its various products under various categories by up to Rs. 2000. The move comes following the 4 percent reduction in CENVAT announced by the government last week.
According to H S Goindi, Senior Vice-President of Sales, TVS Motors, "The overall range of price cuts varies between 700-2,000 rupees for all scooters and motorbikes. We have passed on the benefits (of the excise duty cut) to the customers." The prices are effective from Wednesday and are applicable across India.
[Via: cartradeindia]
Bajaj Auto Cuts Prices
Bajaj Auto has cut prices of its vehicles by up to Rs 4,400 on account of four per cent reduction in CENVAT. The prices of two-wheelers have been reduced by up to Rs 2,100, while that of three-wheelers have been cut by up to Rs 4,400, Bajaj Auto Ltd (BAL) said in a statement.
"Bajaj Auto has passed on the benefit of the excise reduction in the CENVAT rate reduction to its customers. The prices have been reduced on vehicles billed to dealers with immediate effect," it added.
[Via: motorbeam]
Hero Honda Cuts Prices
Hero Honda Motors Ltd, India's leading motorcycle maker, has reduced the prices of its products after the government cut a tax as part of a stimulus package. The reduction ranges between 1000 to 2000 rupees across its product portfolio.
[Via: motorbeam]
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