"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.