India Yamaha Motor Pvt. Ltd. has announced that it will pass the complete benefit of the GST cuts on two-wheelers to its customers from September 22.
The GST for two wheelers under 350 cc engine is now placed at 18 per cent from the earlier 28 per cent, which is a 10 per cent cut. However, bikes with an engine larger than 350 cc will are now taxed at 40 per cent, placing it with luxury items.
Itaru Otani, Chairman, Yamaha Motor India Group, said, "We would like to thank the Government of India for the timely reduction in GST on two-wheelers. This step will provide a strong boost to the two-wheeler demand during the festive season. By making two-wheelers more affordable, it will not only benefit customers directly but also stimulate overall consumption and create positive momentum for the industry. At Yamaha, we are pleased to pass on the full benefit of this reduction to our customers across India."
Yamaha potential price cut
The GST for two wheelers under 350 cc engine is now placed at 18 per cent from the earlier 28 per cent, which is a 10 per cent cut. However, bikes with an engine larger than 350 cc will are now taxed at 40 per cent, placing it with luxury items.
Itaru Otani, Chairman, Yamaha Motor India Group, said, "We would like to thank the Government of India for the timely reduction in GST on two-wheelers. This step will provide a strong boost to the two-wheeler demand during the festive season. By making two-wheelers more affordable, it will not only benefit customers directly but also stimulate overall consumption and create positive momentum for the industry. At Yamaha, we are pleased to pass on the full benefit of this reduction to our customers across India."
Yamaha potential price cut
You may also like
'Anbumani continuing as party President': PMK leader K Balu after Ramadoss removes son from party
India to soon have 50 lakh rooftop solar systems under PM Surya Ghar Muft Bijli Yojana: Pralhad Joshi
Telling sign Ant and Dec may have been tipped about NTA loss after 23 year reign
If your blood sugar level rises, do these important things immediately; otherwise, you will get into trouble.
Arshad Warsi returns to hosting Bigg Boss after 18 years
