TVS Motors has announced the new prices of its motorcycles after the implementation of GST. As per the new rules, two-wheelers above 350cc capacity will attract 31 per cent tax since they will now be considered as luxury items and the ones below 350cc will be taxed at 28 per cent. As all TVS two-wheelers have an engine smaller than 350cc, the prices have gone down across its product portfolio.
With the new tax structure kicking in from July 1, 2017, TVS has reduced the prices of all their commuter two wheelers by Rs 350 to Rs 1500 and the entry level performance bikes by up to Rs 4,150. While ex-showroom prices for some bikes have dropped, the on-road prices have gone up because of the hike in RTO charges and vehicle insurance.
TVS currently offers the Jupiter, Wego, Scooty Zest and the Scooty Pep Plus in the scooter segment and the Apache RTR 160, Sport, Apache RTR 180, Apache RTR 200 4V, Victor, Star City Plus and the Phoenix in the bikes segment. TVS also sells the TVS XL 100 positioned as utilitarian vehicle. The company is yet to release the revised price list of its product portfolio and we will update you with the same as soon as it’s out. Stay tuned.