The implementation of the new GST 2.0 policy has led to reduced tax rates for automobiles in India. Automakers are passing these benefits on to consumers, resulting in price cuts across various vehicle segments. While the reductions span a wide range, from entry-level hatchbacks to luxury SUVs, the impact on the two-wheeler market is particularly noteworthy.
The GST rate cut, specifically for motorcycles under the 350cc category, from 38% to 18%, presents a significant advantage for budget-conscious buyers. This positive change is expected to make popular commuter motorcycles more affordable. Hero Splendor, Honda Activa, Bajaj Pulsar, TVS Apache, and Royal Enfield Classic 350 are poised to become more accessible, potentially encouraging first-time buyers and boosting sales, especially during the festive season. Specific discounts on these commuter bikes are detailed below:
[Table of Discounts]
For bikes above 350cc, the new GST policy places them in a different tax bracket. These bikes will now attract a 40% GST rate. This includes higher-end models in the 450cc to 650cc range. Discounts may vary by city and stock availability, the following are expected price reductions:
[Table of Discounts]
