To hand down GST benefit to customers, Two-wheeler major TVS Motor Company has introduced reduction in price of its models by up to ₹4,150. In the commuter segment, the price reduction is in the range of ₹350 to ₹1,500. While in the premium segment products, the prices are reduced up to ₹4,150 depending on each state. The prices of each state will be different due to the variable transportation and logistics cost.
The company has introduced several policies so that the dealers will be given suitable assistance on the opening stock as on July 1, 2017, purchased by them at a pre-GST price.
Besides, Hero MotoCorp has also released the news to cut prices by up to ₹1,800 due to the GST launch. The actual benefit will vary from state to state, depending on the pre-GST and post-GST rates.
While four-wheeler companies like Maruti Suzuki, Toyota and Jaguar Land Rover have already reduced the prices to transmit the GST relief down the line to their customers.