DSK Hyosung cuts prices by up to Rs 20,000
Feb 25 2014 , New Delhi
"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.