Cars, two-wheelers prices set to fall after Chidambaram cuts duty

Price of cars and two-wheelers are set to come down after Finance Minister P Chidambaram announced a reduction in excise duty on small cars, motorcycles and scooters from 12 per cent 8 per cent. The cut in duty will be applicable up to June 20, 2014, when the new government is likely to present the full year budget.