GST Effect on Two Wheelers
GST will come into implementation from July 1, 2017. The day will mark changes in most tax structures and would help India unite under a single framework.GST effect on bikes will now impact prices of two-wheelers as the Goods and Services Tax (GST) comes into place. Various manufacturers have released their updated prices after the implementation of GST. The statements suggest a marginal drop in prices of the mass segment two-wheelers which is expected to result in a better industry growth.
After Implementation of GST after 1st July 2017 bikes will fall under the 28% GST slab. Bikes with engine size more than 350cc will fall an additional 3% cess. While KTM’s RC390 and Duke 390 will take a hit from the additional 3% cess owing to their 373cc engines, Royal Enfield bikes will decrease as they have an engine size of 346cc.
GST Impact on Bajaj Bikes
The majority of Bajaj Bikes Fall Under 350cc Segment. It excludes the Dominar 400 which is above the 350cc and find a marginal increase of 0.8%
Pre-GST Prices of Bajaj Pulsar Range: Rs 82,150-1,37,870
Post-GST Prices of Bajaj Pulsar Range: Rs 78,850-1,32,350
Pre-GST Prices of Bajaj Discover: Rs 57,330
Post-GST Prices of Bajaj Discover: Rs 55,030
Pre-GST Prices of Bajaj Dominar: Rs 1,54,500
Post-GST Prices of Bajaj Dominar: Rs 1,55,740
GST Impact on TVS Bikes
Likewise, Bajaj Most of the TVS Motors Bikes have below 350cc Engine So, they have Decreased Price by 4% which falls Under 350cc. Take a Look at Pre GST and Post-GST Prices of TVS Bikes.
Pre-GST Prices of TVS Star City Plus: Rs 51,900
Post-GST Prices of TVS Star City Plus: Rs 49,812
Pre-GST Prices of TVS Apache RTR 200 4V: Rs 1,05,700
Post-GST Prices of TVS Apache RTR 200 4V: Rs 1,01,300
Pre-GST Prices of TVS Victor: Rs 59,300
Post-GST Prices of TVS Victor: Rs 56,900
GST Impact on Honda Motorcycles
Honda has Few Variants Like CB Unicorn, CB Shine which fall under 350cc Segment but Honda CBR is above 350cc Segment. CBR Price has Increased by 0.8%. See the List of Price Variation of Different Honda Motorcycle.
Pre-GST Prices of Honda CB Unicorn 160: Rs 85,30
Post-GST Prices of Honda CB Unicorn 160: Rs 88,600
Pre-GST Prices of Honda CB Shine SP: Rs 70,15
Post-GST Prices of Honda CB Shine SP: Rs 67,350
Pre-GST Prices of Honda CBR 650 F: Rs 8,64,250
Post-GST Prices of Honda CBR 650 F: Rs 8,71,150
The introduction of GST won’t make a huge change in the prices considering that fact that the tax rates are more or less similar to the present total indirect tax rates