Prime Minister and President of India launched GST during the midnight in August Central Hall. With its effect 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.
Some companies will be announcing the new prices on Saturday while the remaining will keep the prices secret until Monday as they have to make changes to their internal software and pricing mechanisms to factor in GST. Despite it will also have an impact on the manufacturing and supply value chain, including parts providers and margins of dealers. The majority of the companies will reveal their price lists latest by Monday.
Senior VP of marketing & sales of Honda India announced that there will be no billing from dealerships on Saturday and Sunday and commercial transactions will not be carried out. However, the bookings will remain open.
While Hyundai official stated that “The final prices are still being worked out, but we have already assured customers that even if they buy in the pre-GST regime, the prices will be protected. Any change in prices, if it works in the customer’s favour, will be adequately taken care off”.
Besides Maruti official also joined the league and said “There are different tax rates across various states currently, and the final calculations are being carried out now. We should be able to come out with the final prices by Saturday”.
However, bikes over 350 cc will become expensive with models from companies such as Royal Enfield, Triumph, Harley-Davidson and Ducati.