oi-Sukesh
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.
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.
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]