DSK Hyosung cuts prices by up to Rs 20,000

Superbike maker DSK Hyosung has cut prices across its product portfolio by up to Rs 20,000 after excise duty on automobiles was reduced in the Interim Budget.

"We are happy to announce a ex-showroom price reduction from Rs 4,000-Rs 20,000 across our entire product portfolio," DSK Hyosung Chairman Shirish Kulkarni said in a statement.

The company is sure that the reduction will stimulate the growth in the sector and improve market sentiments, he added.

Established in 2012, DSK Hyosung is a partnership between India's DSK Group and Korea's Hyosung.

The company sells various superbike models including Aquila 250 and ST 7 in the country, priced between Rs 2.69 lakh and Rs 5.99 lakh.

Other two-wheeler makers, TVS Motor Company, Yamaha, Hero MotoCorp and Honda Motorcycle and Scooter India (HMSI) have also announced price cuts after the excise duty cut.

In the Interim Budget 2014-15, Finance Minister P Chidambaram had announced reduction of excise duty on small cars, scooters, motorcycles and commercial vehicles to 8 per cent from 12 per cent earlier; 24 per cent from 30 per cent on SUVs; 24 per cent from 27 per cent on large cars; 20 per cent from 24 per cent in mid sized cars.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture