Bajaj Auto has cut prices of its vehicles by up to Rs 4,400 on account of four per cent reduction in CENVAT. The prices of two-wheelers have been reduced by up to Rs 2,100, while that of three-wheelers have been cut by up to Rs 4,400, Bajaj Auto Ltd (BAL) said in a statement.
“Bajaj Auto has passed on the benefit of the excise reduction in the CENVAT rate reduction to its customers. The prices have been reduced on vehicles billed to dealers with immediate effect,” it added.
Without specifying details, the company said it was in touch with dealers to “understand and resolve” the implications arising out of existing inventories with them.