101st Day Of Lockdown

Maharashtra1929901046878376 Tamil Nadu102721583781385 Delhi92175630072864 Gujarat34686249411905 Uttar Pradesh2579717597749 West Bengal2048813571717 Karnataka197108807293 Rajasthan1878515043435 Telangana185709069275 Andhra Pradesh169347632206 Haryana1550911019251 Madhya Pradesh1410610815589 Bihar10911821184 Assam8956583212 Jammu and Kashmir76954856105 Odisha7316535333 Punjab56683989149 Kerala4594243626 Uttarakhand2791190937 Chhatisgarh2339193713 Jharkhand2339160512 Tripura140110931 Manipur13166390 Goa11984783 Himachal Pradesh9796179 Puducherry73930112 Nagaland5351820 Chandigarh4463676 Arunachal Pradesh182601 Mizoram1601230 Sikkim101520 Meghalaya50421
Business Companies 14 Jun 2017 GST effect: Bajaj re ...

GST effect: Bajaj reduces prices on bikes by up to Rs 4,500    

PTI
Published Jun 14, 2017, 6:28 pm IST
Updated Jun 14, 2017, 6:28 pm IST
Taxes on motorcycles shall reduce in most states with the implementation of the Goods and Services Tax (GST) from July 1 2017.
Representational Image.
 Representational Image.

New Delhi: Bajaj Auto today announced a reduction in prices of its motorcycles by up to Rs 4,500 with immediate effect to pass on the expected benefit of GST to customers.

Taxes on motorcycles shall reduce in most states with the implementation of the Goods and Services Tax (GST) from July 1 2017, although benefits vary for each state, and differ across motorcycle models, Bajaj Auto said in a statement. The company has decided to offer post-GST reduced prices to customers with immediate effect from June 14, 2017 itself, it added.

 

"The savings will range up to Rs 4,500 depending on the model and the state in which the motorcycle is purchased," the statement said. Bajaj Auto sells a range of motorcycles starting from entry level CT 100 priced at Rs 35,183 to top-end Dominar 400 tagged at Rs 1.53 lakh (ex-showroom Delhi). Bajaj Auto President (Motorcycle Business) Eric Vas said: "With the GST implementation just round the corner, we felt that it would be appropriate to pass on this significant
savings to customers."

Under GST, most of the two-wheelers will attract a tax rate of 28 per cent, lower than total tax incidence of around 30 per cent at present. Motorcycles with engine capacity of over 350 cc will attract an additional cess of three per cent.

Already, automobile manufacturers such as Ford India, Audi, BMW and Mercedes Benz have reduced prices of their vehicles between Rs 10,000 and Rs 10 lakh to pass on the benefits of GST in June, ahead of its implementation.
Companies have found it difficult to push sales this month with customers waiting for GST implementation in expectation of prices to come down.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT