TVS Motor Company has cut its two-wheeler prices on its various products under various categories by up to Rs. 2000. The move comes following the 4 percent reduction in CENVAT announced by the government last week.
According to H S Goindi, Senior Vice-President of Sales, TVS Motors, "The overall range of price cuts varies between 700-2,000 rupees for all scooters and motorbikes. We have passed on the benefits (of the excise duty cut) to the customers.” The prices are effective from Wednesday and are applicable across India.
TVS Motors is one of the leading two-wheeler manufacturers in India. It is the third largest two wheeler manufacturers in India and one of the top ten in the world. It had an annual turnover of more than US$1 billion and is the flagship company of US$ 4 billion TVS Group. It has launched popular motorcycles in India, Apache, Star and Menace. It plans to launch Flame shortly in India.