Two Wheelers: Auto, Bajaj Auto, CENVAT, India

Bajaj Auto slashes price up to Rs 4,400

Pune-based Bajaj Auto cut prices of its vehicles by up to Rs 4,400 on account of four per cent reduction in CENVAT.

The prices of two-wheelers have been reduced by up to Rs 2,100, while that of three-wheelers have been cut by up to Rs 4,400.

Without specifying details, the company said it was in touch with dealers to "understand and resolve" the implications arising out of existing inventories with them.

December 9, 2008
Source: Economic Times
URL: http://economictimes.indiatimes.com/News/News_By_Industry/Auto/Automobiles/Bajaj_Auto_slashes_price_up_to_Rs_4400/articleshow/3814367.cms