What’s inside:
This article shares news about the recent GST cut on two-wheelers and how it affects popular models like Honda Activa and TVS Jupiter.
The central government has made an important announcement about the Goods and Services Tax (GST) on two-wheelers. As of September 22, the GST rate has been reduced from 28% to 18%. This change will benefit customers looking to buy scooters and motorcycles.
One of the most popular scooters, the Honda Activa, currently costs Rs 81,045. After the GST cut, the price is expected to drop to around Rs 73,171. Similarly, the TVS Jupiter 110, which is priced around Rs 77,000, may now cost about Rs 70,000. These scooters have engines that are efficient and well-liked in the market.
This GST reduction is particularly significant as it aligns with the upcoming festive season in India when many people prefer to purchase new vehicles. The timing is expected to drive up sales of scooters and motorcycles during Dhanteras and Diwali, benefiting both buyers and manufacturers.
Here are some key points to note:
- GST on two-wheelers is now 18%, down from 28%.
- Honda Activa’s expected new price is Rs 73,171.
- TVS Jupiter’s price may drop to Rs 70,000.
- Hero Splendor bike will also see a price cut from Rs 79,426 to Rs 71,483.
- This change is effective from September 22, 2023.
With the new GST rates, customers can look forward to lower prices on popular two-wheelers. This change is aimed at making vehicles more affordable, especially during the festive season.
Summary:
- GST on two-wheelers reduced from 28% to 18%.
- New prices for Honda Activa and TVS Jupiter will be lower.
- Hero Splendor bike prices will also decrease.
- Effective date for new GST rates is September 22, 2023.
- Expect increased sales during the festive season.
