TVS Motor cuts two-wheeler prices by up to 2,000 rupees

December 10, 2008

TVS Motor Co, India’s third-biggest motorcycle maker, has cut prices across categories by up to 2,000 rupees, following a 4 percent reduction in India’s central value-added tax to customers, a top official said.

“The overall range of price cuts varies between 700-2,000 rupees for all scooters and motorbikes,” H.S. Goindi, senior vice president of sales, told Reuters.

“We have passed on the benefits (of the excise duty cut) to the customers,” he added.

The revised prices have come into effect from Wednesday morning, Goindi said.

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