Hero Motocorp reduces two-wheeler prices as a result of GST impact
DSIJ Intelligence / 03 Jul 2017
Hero Motocorp reduced prices of models across its product portfolio in most of the states in order to pass the benefits of GST to the customers.
Hero Motocorp reduced prices of models across its product portfolio in most of the states in order to pass the benefits of GST to the customers.
The actual benefit varies from state to state, depending on the pre and post-GST rates.The quantum of reduction ranges from Rs 400 to Rs 1800 on mass-selling models. Some of the premium segment models see a reduction of up to Rs 4000 in certain markets. In one or two states, such as Haryana, where the pre-GST rates were lower than the post GST rate, the prices of a few models have gone up marginally, said the company in a BSE filing on Monday.
Earlier, India’s largest carmaker Maruti Suzuki reduced prices of some of its vehicles by 3%. Two-wheeler major TVS Motor also announced price cut on its models.
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