TVS motorcycles & scooters to get cheaper post-GST

Neelanjan

Neelanjan Chakraborty, Motorcycle Nut, will ride, preferably race anything on two wheels!

The next TVS product launch will draw technical know-how from the TVS-BMW partnership.

TVS Motor Company has joined the list of automakers confirming that their products will face a price cut post-GST implementation. The new form of taxation will be applicable across the country from July 1, 2017.

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The price cut could be the result of a 2 percent rebate on the existing tax structure which has motorcycles below 350 cc taxed at 28% as opposed to the existing 30%.

Also Read: TVS Victor Road Test Review

The price reduction on TVS motorcycles, scooters and mopeds will differ from state to state.

Mr KN Radhakrishnan, President and CEO, TVS Motor Company, said:

We are very optimistic about GST which is a landmark reform. It will bring in a lot of ease in doing business. We will be passing on the benefits to our customers.

Before this, Bajaj Auto and Royal Enfield announced a pre-GST price cut, passing on the benefits to the consumers even before the taxation rule was applied. The country’s second largest two-wheeler seller, Honda, last week announced a price cut in the range of 3 to 5 percent.

Two-wheeler sales for TVS grew in May 2017 by 15.6 percent with 275,426 units retailed in the same month. Scooters sales for the company grew by 30.9 percent increasing from 65,434 units in May 2016 to 85,681 units in May 2017.

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The TVS Apache RTR 200 4V ABS and fuel injected version is set to be launched in July 2017.

Also Read: TVS Apache RTR 200 Track Experience – IAB Report

TVS Motor is busy testing the production version of the TVS Akula 310 racing concept. Called the TVS Apache RR 310S, the bike gets premium features like an upside down fork up front, projector headlamps, disc brakes at both ends and an all-digital instrumentation.

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