New Delhi: Prices of popular cars and motorcycles & scooters come down from Saturday as the GST regime kicks in, even though hybrids and bigger bikes with engines above 350cc become dearer.
The GST rates will bring in tax parity across the country and will lead to a regime of ‘one nation, one tax’.
Larger SUVs and sedans will see the maximum price cut while smaller cars will also be marginally cheaper. For example, the Mercedes GLS350 SUV will be cheaper by Rs 3 lakh, while Hyundai’s popular Creta is expected to see a drop between Rs 40,000 and Rs 60,000.
On the other hand, the Innova multi-purpose will be cheaper by Rs 90,000.
Prices of Hero Moto’s bikes and scooters are likely to go down by 5% to factor in the lower duty. Close competitor Honda Motorcycle and Scooter India (HMSI) will also cut prices, with the popular Activa scooter likely to get cheaper by Rs 3,400.
However, bikes over 350cc will become expensive with models from companies such as Royal Enfield, Triumph, Harley-Davidson and Ducati getting dearer.