NEW DELHI: CEGAT has granted an unconditional stay to tyre major Goodyear India against the central excise department's order directing the company to pay Rs 25-crore excise duty. The company had contested the department's order to pay Rs 12.5 crore as additional excise duty and a penalty of an equal amount on alleged evasion of duty on rubberised tyre cord fabrics manufactured and used by it between April 1, 1995 and July 31, 1997.

NEW DELHI: LML Ltd will foray into the motorcycle segment next year when it launches four-stroke mobikes developed in technical collaboration with Daelim Motor Company of South Korea. LML executive director (marketing) RK Caprihan said the ex-showroom prices of the bikes would be between Rs 37,500 and Rs 45,000 in Delhi.

MUL plans

NEW DELHI: The board of Maruti Udyog met on Thursday to draw up strategies to fight the intense competition in the small car segment. The meeting came in the wake of industry minister Sikander Bakht'srecent visit to Japan, where he met the officials of MUL's joint venture partner Suzuki Motor Corporation and sought immediate introduction of new models to counter competition. Company officials, however, declined to comment on the same.