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  Business   Autos  05 Jul 2017  Hero and TVS Motors drop prices post GST

Hero and TVS Motors drop prices post GST

THE ASIAN AGE
Published : Jul 5, 2017, 4:12 pm IST
Updated : Jul 5, 2017, 4:12 pm IST

Hero MotoCorp has reduced prices for its two-wheelers by up to Rs 4,000, while TVS Motors has slashed prices by up to Rs 4,150.

The price drop will vary from state to state due to varying tax structures.
 The price drop will vary from state to state due to varying tax structures.

Thanks to the new Goods and Services Tax (GST), the country’s largest two-wheeler manufacturer Hero MotoCorp has reduced prices for its two-wheelers by up to Rs 4,000, while TVS Motors has slashed prices by up to Rs 4,150

Hero MotoCorp has announced the post-GST prices of its two-wheelers and the prices of its popular commuter bikes and scooters have dropped by Rs 400 to Rs 1800. The price drop will vary from state to state due to varying tax structures. However, in certain markets, some premium models will see a price drop as high as Rs 4000. But, in states like Haryana, the post-GST prices will be higher than the pre-GST prices. Although Hero hasn't posted the new prices on its official website, most of the dealers should have the new prices with them.

Bike

Along with Hero, TVS Motors has also decided to pass on the GST benefits, thus reducing prices for its entire two-wheeler product lineup in India. With GST coming into effect, prices for TVS bikes and scooters have dropped by Rs 350 to Rs 1,500 in the commuter segment. In the premium segment of two-wheelers, TVS has said that prices for its products have fallen by up to Rs. 4,150 as taxes vary from state to state. The Hosur based manufacturer also added that it will be providing assistance to dealers who have older stocks purchased at pre-GST rates. Also Read - GST Impact - Honda Two-Wheelers Prices See Slight Reduction.

Source: ZigWheels.com

Tags: gst, hero motocorp, tvs motors, price cut
Location: India, Delhi, New Delhi