Subsequent to the announcement of the excise duty cut in the Union Budget, Hero Hero on Friday announced a reduction in the prices of its motorcycles in the range of Rs 1,000- Rs 3,400 across all its models. In response to the budget, earlier during the day, Hero Honda Managing Director, Mr Pawan Munjal had said "It is an extremely well-alanced budget. The excise duty cut will be passed on to the consumers."
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