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Tata Motors cuts prices by up to Rs 1.5 lakh

The price reduction across passenger vehicles is in the range of Rs 6,300 to Rs 69,000, depending on the model, while the cut in commercial vehicles portfolio is in the range of Rs 15,000 to Rs 150,000, Tata Motors said in a statement.

‘The price reduction is in the light of excise duty cut on vehicles and the company is passing on the excise reduction to the customers,’ a Tata Motors spokesperson said. The reduction is with immediate effect, she added.

The company's passenger vehicle portfolio comprises models from entry level hatchback Nano to multi utility vehicle Aria. Besides, the company sells a range of commercial vehicles, including buses.

In the interim Budget 2014-15, Finance Minister P Chidambaram had 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 and 20 per cent from 24 per cent in mid sized cars.

Earlier during the week, various car makers including Maruti Suzuki India (MSI), Hyundai Motor India, Honda Cars India, Volkswagen, Mahindra & Mahindra, Fiat and Nissan had also announced price cuts. German car makers Audi and Mercedes-Benz had announced price cuts on 17 February.

Yamaha cuts  rates of two-wheelers by up to Rs 3,066

New Delhi:
Yamaha Motor India Sales on Friday announced cutting prices of its two-wheelers by up to Rs 3,066 across models following excise duty reduction announced in the interim Budget.
‘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.
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