The Interim Budget 2014 has been welcomed with open arms by the Automotive Industry. As a result of the excise duty relief given to auto industry, automobile manufacturers like Honda have decided to relieve their customers as well, passing on the 4 per cent benefit to them with immediate effect.
Union Finance Minister, Mr P Chidambaram had announced to reduce the excise duty of two-wheelers to 8 per cent from the current 12 per cent. Many motorcycle manufacturers have revealed that they will give their customers the benefit of the cut.
Honda, in an official statement released today, says, “Honda welcomes excise duty relief given to the auto industry in the Interim Budget 2014. In line with its customer friendly approach, Honda has decided to pass the full benefit of 4 per cent excise duty reduction on two-wheelers to its valued customers across India with immediate effect. Now, all Honda two-wheelers are even more affordable. The price benefit to Honda customer starts from minimum of Rs. 1,600 on Dream Neo and goes upto Rs. 7,600 on CBR 250R.”
It's better one make plans now when the cuts are in place than wait for the changes the budget might bring on March 31.