Yamaha Motor India has recently announced a slight price drop in the motorcycles being locally manufactured ranging from Rs 500 on Saluto bike models to Rs 1,000 on the YZF-R15 bike, these discounts applicable on ex-showroom price. Since these cuts are on ex-showroom prices, you can expect slightly more discounted final prices varying from model to model.
There are two tax slabs under which motorcycles will fall into. All 350cc or below capacity of motorcycles will fall into 28% of GST tax which was earlier around 30%, while bigger capacity motorcycles will attract around 31% to 32% of GST charges and hence will become a little harder to afford. Hence the new tax structure will make smaller bikes cheaper and bigger capacity bikes more costly.
Apart from Yamaha Motor India, Honda Two Wheelers, Bajaj Auto, and Royal Enfield have announced the new reduced pricing structure on their current motorcycle line-up which is domestically made. As per Yamaha India, the new tax rule will boost the motorcycle market by 10% and hence the sales are expected to rise in the month of July and August.
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