Comments
Country’s largest two-wheeler maker Hero MotoCorp has decided to cut prices up to five per cent to pass on the benefit of excise duty cut announced by Union Finance Minister P Chidambaram in his interim Budget.
“We have decided to pass on the entire benefit of the excise duty cut to our customers. We have spread out the price cut across our product portfolio ranging from two per cent up to five per cent with maximum reduction being Rs 4,500,” Hero MotoCorp Ltd said in a statement.
Chidambaram announced a reduction in excise duty on small cars, medium cars and motorcycles from 12 per cent to eight per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.