New Delhi: The country’s largest two-wheeler maker Hero MotoCorp has reduced prices of its mass selling models by up to Rs1,800 to pass on GST benefits to its customers. “The quantum of reduction ranges from Rs400 to Rs1,800 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. Earlier on Saturday, car makers Maruti Suzuki, Toyota Kirloskar, JLR and BMW reduced prices in the range of Rs2,300 to over Rs2 lakh of different models to pass on to consumers the benefit of lower tax incidence under the GST regime.

Source: Mint July 02, 2017 06:11 UTC