Yamaha cuts two-wheeler prices by up to Rs 3,066

Tags: Yamaha, Companies
Yamaha Motor India Sales today announced cutting prices of its two-wheelers by up to Rs 3,066 across models following excise duty reduction announced in the interim Budget.

"The company has decided to pass on the differential amount to the dealers on their existing as well as transit stock in order to enable them to immediately extend 100 per cent benefit to the customers," Yamaha Motor India Sales said in a statement.

The price cut ranges from Rs 1,033 to Rs 3,066 depending on the variants, it added.

Commenting on the move, Yamaha Motor India Sales Vice President – Sales & Marketing, Roy Kurian said: "The announcement from the Finance Minister comes at a very opportune time when the sentiments are high right after the Auto Expo and the industry is seeing an upward trend. We are glad to be passing on the entire benefit to our customers by creating a favourable arrangement with our dealers."

Yamaha sells scooters Alpha, Ray Z and Ray and a range of motorcycles, including YBR110, FZ16 and YZF R15, in India.

In the interim Budget 2014-15, Finance Minister P Chidambaram 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.

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

EDITORIAL OF THE DAY

  • Legalising betting on cricket will raise tax collections for cash-strapped government

    Last month, Justice RM Lodha committee on cricket reforms made several groundbreaking recommendations to the Supreme Court.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Tablets, memory cards for educatioNext

The Commonwealth he­ads of government mee­ting held in Malta last ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture