Niche bike maker Royal Enfield has reduced prices of its models by up to Rs 2,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio.
Royal Enfield, which is a part of Eicher Motors, currently sells a range of motorcycles, including Bullet, Classic and Thunderbird.
"The slab for reduction is expected to be between Rs 1,600-2,300 on road Chennai. The reduced slab shall vary from state to state," a company spokesperson told PTI.
"We will be passing on the benefits to our customers," he added.
Motorcycles with engine capacity of over 350 cc, however, will attract an additional cess of three per cent.
Bajaj has reduced prices of its motorcycles-from CT 100 to Dominar 400-by up to Rs 4,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs 5,700.
Besides, 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 GST in June, ahead of its implementation.