New Delhi, March 2 TWO-wheeler maker LML Ltd has slashed its scooter and motorcycles prices by Rs 1,929 to Rs 3,187 following the excise duty relief announced in the Union Budget 2001-02.A company spokesperson said that ex-showroom (Delhi) prices of the `Select' and `NV' scooter models have been reduced by Rs 2,918 and Rs 1,929 respectively.
Subsequently, the two models would be now be sold for Rs 34,113 and Rs 32,682 respectively. Prices of LML's recently introduced motorcycles `Energy' and `Adreno' have also been cut between Rs 2,697 and Rs 3,187 respectively.
"We have decided to pass on the entire excise duty cut to the consumers," the spokesperson said. LML reported a massive 65.4 per cent fall in scooter sales at 7,815 units in February over 22,615 units sold in the same month last year. The scooter sales were also down by 46.6 per cent as against 11,457 units sold in January, 2001.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
