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GST effect on bikes: Bajaj Auto offers discounts of upto Rs 4,500 across models

The Financial Express logo The Financial Express 15-06-2017 FE Online

© image GST effect on bikes: Bajaj Auto offers discounts of upto Rs 4,500 across models

Bajaj Auto has extended pre-GST benefits to customers, becoming the first motorcycle brand in the country to announce discounts ahead of Goods and Services Tax (GST), which will be brought into effect on 1st July. The discounts of upto Rs 4,500 will be applicable with immediate effect starting 14th June. The amount of the discount figure will depend upon the model and the state of sale.

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Customers can now walk into authorised Bajaj Auto dealerships to understand the savings and avail the same for bookings between 14th June and 30th June 2017.

"As a responsible corporate Bajaj Auto is happy to pass on the price saving accruing out of GST to its customers. With the GST implementation just around the corner we felt that it would be appropriate to pass on this significant savings to customers," Eric Vas, President, Motorcycle Business, Bajaj Auto said.

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"Bajaj Auto is proud to be the first and only motorcycle company in India, to offer post GST reduced prices to customers even before the implementation date. Customers no longer need to wait for 1st July to buy their desired Bajaj Motorcycle."

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Although the rates and other terms of the tax are yet to be finalised. It is expected bring down the overall tax on motorcycles from the current bracket of 28 to 35%. (13 different types of taxes are effective on two-wheelers currently). The new uniform taxation is likely to ease the structure and bring the prices down by a notch.

The exact amount of discounts applicable on various models is not clear, however we will make the figures available. Watch this space for more details.

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