Yesterday we wrote about how GST is affecting the Indian 4-wheeler prices. Now it’s time for 2-wheelers. The Indian automotive industry is experiencing a seismic shift, bringing cheer to consumers across the country.
Following the implementation of ‘GST 2.0,’ which saw a significant reduction in the tax rate on vehicles up to 350cc from 28% to 18%, a wave of price cuts has swept the market. This timely reform is making personal mobility more accessible and is expected to inject fresh momentum into the economy ahead of the festive season.
Major two-wheeler manufacturers have been quick to pass on the full benefits of the tax cut to their customers. Honda Motorcycle & Scooter India (HMSI) has announced price reductions of up to ₹18,800. Not to be left behind, Yamaha is offering savings ranging from ₹8,000 to over ₹17,000 on its popular models, including the R15 and MT-15. Hero MotoCorp, India’s largest two-wheeler maker, has also joined in with cuts of up to ₹15,743 on models like the Karizma and Xtreme 250R. Even premium brands like Royal Enfield and Bajaj are participating, with price drops of up to ₹22,000 and ₹20,000, respectively, on their sub-350cc lineups.
The benefits of the GST 2.0 reform are not limited to the two-wheeler segment. Passenger vehicle manufacturers are also making their products more affordable. Companies like Tata Motors and Hyundai have announced price cuts of up to ₹1.55 lakh and ₹2.4 lakh, respectively, on their popular car models, while Mahindra & Mahindra has reduced prices by up to ₹1.56 lakh.
The move is a strong step towards empowering millions of customers and is set to fuel demand across the entire automobile sector. For potential buyers, this period presents an excellent opportunity to purchase a new vehicle at a significantly lower price.
So, what are you buying this Diwali !
