List of articles tagged: Excise cut

Hindustan Motors Limited has announced price cuts on the Ambassador, thanks to the reduction of CENVAT by 4%.  HML will also reduce the prices of the Mitsubishi models, once the excise duty is reduced.

Excise has been reduced by 4% by the government, which is good news, considering the general slowdown in the economy over the last few months. This is another attempt by the government to accelerate the growth of manufactured goods, along with the various price cuts and other measures undertaken by the manufacturers themselves.