Tax cuts will make everything from Bullet to Splendor cheaper, KTM and Pulsar will also be affected, know how much you will save
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The government has reduced GST on bikes up to 350cc. GST has been increased on bikes above 350cc. Now the dream of riding a Bullet can be fulfilled. The prices of many bikes like Royal Enfield, Bajaj KTM will be affected. Just before the festive season, the government has made a big announcement for the two-wheeler market. Under the new GST rates, the tax on bikes up to 350cc has now been reduced to 18%. This means that small and mid-segment bikes will become cheaper for common customers. At the same time, bikes with engine capacity larger than 350cc have been put in the luxury category and the tax on them has been increased to 40%. While this decision may increase the sales of entry-level bikes, lovers of premium and high-performance bikes will have to spend more money. Royal Enfield's small bikes are cheaper This change will have a mixed effect for Royal Enfield. The company's popular bikes like Hunter 350, Classic 350, Meteor 350 and Bullet 350 will now become cheaper as...