TVS Motor raises vehicle prices after duty hike

TVS Motor raises vehicle prices after duty hike
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First Published: Tue, Mar 02 2010. 05 40 PM IST
Updated: Tue, Mar 02 2010. 05 40 PM IST
Mumbai: TVS Motor Co, India’s third largest two wheeler maker, has increased the prices of its vehicles by Rs350 to Rs1,500 across various models effective 1 March, a senior official said on Tuesday.
The hike follows an increase in excise duty by 2% in the federal budget announced on Friday.
“We have increased (the prices) by the same amount as the excise duty increase,” said HS Goindi, president, marketing.
“It varies between Rs350 to Rs1,500 for various products,” he added.
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First Published: Tue, Mar 02 2010. 05 40 PM IST