With GST effective from July 1, popular cars, motorcycles and scooters will become cheaper but bigger bikes with engines above 350 cc will be costlier. Larger SUVs and sedans will see the maximum price cut while smaller cars will also be marginally cheaper. But the price may vary in states due to different VAT rates applicable prior to GST.
In order to pass on the GST benefit to the customers, Bajaj Auto’s Austrian arm KTM has announced the reduction of prices of its bikes in India by up to ₹8,600. The bikes whose prices have been reduced include 350cc KTM, 200 Duke, RC 200 and 250 Duke.
While due to additional cess on over 350 cc motorcycles the reduction on ex-showroom prices of the 390 Duke and the RC 390 is up to ₹5,900.
Already two-wheeler makers, TVS Motor Company, Honda Motorcycle & Scooter India, Hero MotoCorp, Bajaj Auto, Royal Enfield, Yamaha and Suzuki Motorcycle, have cut their prices due to GST.