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GST effect: Bajaj reduces prices on bikes by up to Rs 4,500

Motorcycles with engine capacity of over 350 cc will attract an additional cess of 3%

Press Trust of India  |  New Delhi 

GST effect: Bajaj reduces prices on bikes by up to Rs 4,500

on Wednesday announced a reduction in prices of its motorcycles by up to Rs 4,500 with immediate effect to pass on the expected benefit of to customers.

Taxes on motorcycles shall reduce in most states with the implementation of the Goods and Services (GST) from July 1 2017, although benefits vary for each state, and differ across motorcycle models, said in a statement.

The company has decided to offer post-reduced prices to customers with immediate effect from June 14, 2017 itself, it added.

"The savings will range up to Rs 4,500 depending on the model and the state in which the motorcycle is purchased," the statement said.

sells a range of motorcycles starting from entry level CT 100 priced at Rs 35,183 to top-end Dominar 400 tagged at Rs 1.53 lakh (ex-showroom Delhi).

President (Motorcycle Business) said: "With the implementation just round the corner, we felt that it would be appropriate to pass on this significant savings to customers."

Under GST, most of the two-wheelers will attract a rate of 28 per cent, lower than total incidence of around 30 per cent at present.

Motorcycles with engine capacity of over 350 cc will attract an additional cess of three per cent.

Already, automobile manufacturers such as Ford India, Audi, BMW and Mercedes-Benz have reduced prices of their vehicles between Rs 10,000 and Rs 10 lakh to pass on the benefits of in June, ahead of its implementation.

Companies have found it difficult to push sales this month with customers waiting for implementation in expectation of prices to come down.

GST effect: Bajaj reduces prices on bikes by up to Rs 4,500

Motorcycles with engine capacity of over 350 cc will attract an additional cess of 3%

Motorcycles with engine capacity of over 350 cc will attract an additional cess of 3% on Wednesday announced a reduction in prices of its motorcycles by up to Rs 4,500 with immediate effect to pass on the expected benefit of to customers.

Taxes on motorcycles shall reduce in most states with the implementation of the Goods and Services (GST) from July 1 2017, although benefits vary for each state, and differ across motorcycle models, said in a statement.

The company has decided to offer post-reduced prices to customers with immediate effect from June 14, 2017 itself, it added.

"The savings will range up to Rs 4,500 depending on the model and the state in which the motorcycle is purchased," the statement said.

sells a range of motorcycles starting from entry level CT 100 priced at Rs 35,183 to top-end Dominar 400 tagged at Rs 1.53 lakh (ex-showroom Delhi).

President (Motorcycle Business) said: "With the implementation just round the corner, we felt that it would be appropriate to pass on this significant savings to customers."

Under GST, most of the two-wheelers will attract a rate of 28 per cent, lower than total incidence of around 30 per cent at present.

Motorcycles with engine capacity of over 350 cc will attract an additional cess of three per cent.

Already, automobile manufacturers such as Ford India, Audi, BMW and Mercedes-Benz have reduced prices of their vehicles between Rs 10,000 and Rs 10 lakh to pass on the benefits of in June, ahead of its implementation.

Companies have found it difficult to push sales this month with customers waiting for implementation in expectation of prices to come down.
image
Business Standard
177 22

GST effect: Bajaj reduces prices on bikes by up to Rs 4,500

Motorcycles with engine capacity of over 350 cc will attract an additional cess of 3%

on Wednesday announced a reduction in prices of its motorcycles by up to Rs 4,500 with immediate effect to pass on the expected benefit of to customers.

Taxes on motorcycles shall reduce in most states with the implementation of the Goods and Services (GST) from July 1 2017, although benefits vary for each state, and differ across motorcycle models, said in a statement.

The company has decided to offer post-reduced prices to customers with immediate effect from June 14, 2017 itself, it added.

"The savings will range up to Rs 4,500 depending on the model and the state in which the motorcycle is purchased," the statement said.

sells a range of motorcycles starting from entry level CT 100 priced at Rs 35,183 to top-end Dominar 400 tagged at Rs 1.53 lakh (ex-showroom Delhi).

President (Motorcycle Business) said: "With the implementation just round the corner, we felt that it would be appropriate to pass on this significant savings to customers."

Under GST, most of the two-wheelers will attract a rate of 28 per cent, lower than total incidence of around 30 per cent at present.

Motorcycles with engine capacity of over 350 cc will attract an additional cess of three per cent.

Already, automobile manufacturers such as Ford India, Audi, BMW and Mercedes-Benz have reduced prices of their vehicles between Rs 10,000 and Rs 10 lakh to pass on the benefits of in June, ahead of its implementation.

Companies have found it difficult to push sales this month with customers waiting for implementation in expectation of prices to come down.

image
Business Standard
177 22