New Delhi: Two-wheeler makers TVS Motor Company and Royal Enfield have become the latest to pass on expected benefit of goods and services tax (GST) to customers by lowering prices of their vehicles. Niche bike maker Royal Enfield has reduced prices of its models by up to Rs2,300 (on-road Chennai) while TVS Motors did not disclose quantum of price cut on its product portfolio. Royal Enfield, which is a part of Eicher Motors, currently sells a range of motorcycles, including Bullet, Classic and Thunderbird. Already, Bajaj Auto and UM Lohia Two Wheelers have announced a reduction in prices of their motorcycles to pass on the expected benefits of GST to customers. Bajaj has reduced prices of its motorcycles—from CT 100 to Dominar 400—by up to Rs4,500 while UM Lohia Two Wheelers has cut prices of its two models by up to Rs5,700.

Source: Mint June 25, 2017 09:22 UTC