Budget 2014: Hero and Honda announce price cuts

Hero MotoCorp and Honda Motorcycle & Scooter India (HMSI) announced that they have slashed prices of their products after Finance Minister, P Chidambaram announced reduction in excise duty in the Interim Budget 2014. The excise duty has been slashed from the previous 12 per cent to current eight percent and is applicable on small car, motorcycles, scooter and commercial vehicles. This cutback on duty will be effective only till June 30, 2014.

Owing to this fact, Honda has reduced the price of its products up to Rs 7,600. The Japanese manufacturer’s commuter offering, Dream Neo’s price has been reduced by Rs 1,600 and that of its performance bike CBR 250R has been cut by Rs 7,600. The country’s largest two-wheeler manufacturer, Hero MotoCorp announced a price cut across its product portfolio by up to five percent, with the maximum reduction being Rs 4,500. So if you are in the market for a new two-wheeler, this is the best time to acquire your dream machine with the added cash benefit.