Comments
The country’s largest two-wheeler maker Hero MotoCorp has reduced the prices of its mass-selling models by up to Rs 1,800 to pass on GST benefits to its customers.
“The quantum of reduction ranges from Rs 400 to Rs 1,800 on mass-selling models,” the company said in a statement.
The actual benefit varies from state to state, depending on the pre- and post-GST rates, it added.
Some of the premium segment models would see a reduction of up to Rs 4,000 in certain markets, Hero MotoCorp said.
“In one or two states, such as Haryana, where the pre-GST rates were lower than the post-GST rates, the prices of a few models may go up marginally,” it added.
The company sells a range of bikes priced between Rs 40,000 and Rs 1.1 lakh.
Earlier on Saturday, car makers Maruti Suzuki, Toyota Kirloskar, JLR and BMW had reduced prices in the range of Rs 2,300 to over Rs 2 lakh on different models to pass on the benefit of lower tax incidence under the GST regime to customers.
Maruti Suzuki India (MSI) has slashed the prices of most of its models by up to 3 per cent with immediate effect except for diesel version of sedan Ciaz and MPV Ertiga with mild hybrid technology, which saw an increase in prices by over Rs 1 lakh.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.