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New Rule Effect, Bajaj Dominar 400 Gets Expensive

New Rule Effect, Bajaj Dominar 400 Gets Expensive

Snapshot: Bajaj Dominar 400 ABS version is now costlier by Rs. 16,000 after the 5 years insurance rule. It is now available for INR 2.05 lakh (on-road, Mumbai).

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Bajaj Auto's flagship two-wheeler, the Dominar 400 ABS, has received an INR 16,000 price hike and is now available at a retail price of INR 2.05 lakh (on-road Mumbai). While the Avenger 180 cruiser is up by INR 7,000, the Avenger 220 is now costlier by INR 8,000, whereas, the Pulsar 150 and 180 saw a price hike of INR 4,500 and INR 6,300 respectively.

The hiked prices include 5 years insurance premiums, inevitably to be borne by the owner, however, it's unlikely to affect the buying decision of the prospective customers and the festive season sales.

As a matter of fact, Bajaj's domestic two-wheeler year-on-year sales rose from 1,71,664 units in August 2017 to 2,18,437 units in August 2018, posting a 27% growth. The year-to-date (April to August) motorcycle sales also grew from 7,63,141 units in 2017 to 10,14,104 units in 2018, registering a 33% growth.

Auto manufacturers are hiking the on-road prices including the costs of the 5 years third-party insurance.

IRDA (Insurance Regulatory and Development Authority) made the five-year third-party insurance compulsory after the Supreme Court of India declared the third party insurance cover for two-wheelers as mandatory for a span of five years.

Brands such as Honda 2 Wheelers, Royal Enfield and TVS Motor Company announced a price hike on their whole range of products in the month of September.

[Source: Bajaj Auto, Autocar India]

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