Eicher Motors in its bid to pass on the benefit of full excise duty cut of 4% to customers would be reducing prices across all models effective February 18. This development comes right after government announced a cut in excise duty in the vote on account. In the interim Budget 2014-15, while the excise duty for small cars, scooters, motorcycles and commercial vehicles was cut to 8% from 12%, it was slashed to 24% from 30% for SUVs. Besides, excise duty on large cars too, were reduced to 24% compared with 27% earlier.
Tata Motors, India's largest automobile company, too has slashed Passenger vehicles (PV) prices by Rs 6300 -Rs 69000 & Commercial vehicles (CV) prices by Rs 15,000-Rs 1.5 lakh.
Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.
