Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Automotive

Bajaj Auto Offers major Pre-GST Discount on Bikes

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

author-image
SMEStreet Desk
15 Jun 2017 04:40 IST

Follow Us

New Update
Bajaj Auto, GST, Goods and Service Tax

Bajaj Auto Ltd announced a major reduction in prices of its motorcycles—from CT 100 to Dominar 400—by up to Rs 4,500 with immediate effect to pass on the expected benefit of GST to customers.

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

The company has decided to offer post-GST reduced prices to customers with immediate effect from 14 June 2017 itself, it added. “The savings will range up to Rs4,500 depending on the model and the state in which the motorcycle is purchased,” the statement said.

Bajaj Auto sells a range of motorcycles starting from entry level CT 100 priced at Rs35,183 to top-end Dominar 400 tagged at Rs1.53 lakh (ex-showroom Delhi). Bajaj Auto president (motorcycle business) Eric Vas said: “With the GST 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 tax rate of 28%, lower than total tax incidence of around 30% at present. Motorcycles with engine capacity of over 350 cc will attract an additional cess of 3%. Already, automobile manufacturers such as Ford India, Audi, BMW and Mercedes-Benz have reduced prices of their vehicles between Rs10,000 and Rs10 lakh to pass on the benefits of GST in June, ahead of its implementation.

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

Bajaj Auto Pre-GST GST Goods and Service Tax Bikes
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!