TPS: Indian Motorcycle Price Post GST in India

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oi-Sukesh

Update: Saturday July 8, 2017 9:31 am [IST]

The Indian government has introduced the Goods and Services Tax (GST) in India since July 1, 2017. The new tax regime has led to a review of the prices of cars and bicycles.

Indian Motorcycle has also revised the prices of its three models in the Indian market. Indian Scout, Indian Dark Horse and Indian Chief Classic get a price reduction after GST. The Indian Chief Classic receives the maximum price reduction of Rs 2.21 lakh.

TPS: Indian Motorcycle Price Post GST in India

Ex-Showroom Award (India)

Model

Pre-TPS

Post-TPS

Price difference

Indian scout

Rs 14.75 Lakh

Rs 12.99 Lakh

Rs 1.76 lakh

Indian black horse

Rs 23.4 Lakh

Rs 21.25 Lakh

Rs 2.15 Lakh

Classic Indian Chef

Rs 24.2 Lakh

Rs 21.99 Lakh

Rs 2.21 Lakh

Under the new GST tax system, automobiles are classified as luxury goods, which are subject to a 28% tax rate. Motorcycles with a cylinder capacity greater than 350 cc are subject to an additional tax.

But high-end bikes have benefited from the GST, as the tax rate has fallen compared to the old tax policy. Thus, Indian Motorcycle has decided to share it with customers.

TPS: Indian Motorcycle Price Post GST in India

DriveSpark thinks!

The new GST tax regime has made high-end bikes and luxury cars cheaper in India. Because the old tax rates were higher than the new GST tax slab, several automakers passed the benefits on to customers.

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Article published on: Friday July 7th, 2017, 7:06 PM [IST]


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