India’s new GST 2.0 implementation has triggered price reductions in the automotive sector. The aim is to reflect the reduced tax burden onto the consumer. This shift impacts numerous vehicles, including motorcycles. The focus is particularly on two-wheelers, especially those in the 350cc category. This segment will now see a reduction in tax rates, providing cost savings for buyers.
The change in GST rates, from 38% to 18% for bikes under 350cc, is a significant incentive. Popular models like Hero Splendor, Honda Activa, Bajaj Pulsar, TVS Apache, and Royal Enfield Classic 350 will become more affordable. This move is expected to draw in new customers and boost sales during the upcoming festive season. Below is a table detailing the price reductions:
[Table of Discounts]
The new GST policy has altered the tax structure for motorcycles above 350cc. These bikes will now be subject to a 40% GST. This adjustment will influence the pricing of higher-end models, from the 450cc to 650cc categories. Price reductions are expected, with variations depending on location and stock. Here are some estimated reductions:
[Table of Discounts]