Royal Enfield bought before GST, the company is giving a huge discount
GST is going to be implemented in the country on July 1. Keeping this in mind, one of the country’s most popular motorcycle manufacturers, Royal Enfield has announced to cut the price of several of its models from today.
Let’s say that earlier Bajaj Auto had announced to cut the prices of its motorcycles by up to 4,500 rupees. The company claimed that it was the first Indian bike manufacturer to announce the cut.
Royal Enfield: Affordable before GST was bullet Learn how reduced prices on which model
Between the youth of the country, the popular bike company Royal Enfield has announced the reduction in prices of many models.
Between the youth of the country, the popular bike company Royal Enfield announced the reduction in prices of many models. According to media reports, a statement from the company said that in view of this, the business in India will change from GST, Royal Infield is giving its customers the benefit of GST. Let us tell you that earlier Bajaj Auto had announced the reduction of its models to Rs 4,500.
We believe that GST will change business in India. It will also benefit the economy of India and our customers. Royal Enfield is giving GST benefits to its customers and the on-road prize will be replaced on June 16, 2017.
How lowered prices on which model
The price of Royal Enfield Bullet 350 is 1.13 lakhs, in which it has been cut from 3 to 4 thousand on the on road price. These two models will be applied on Twin Spark and Electra. At the same time, Royal Enfield Classic 350 is worth 1.35 lakhs. The company will give a discount of 3-4 thousand rupees. Apart from this, Royal Enfield Thunderbird 350 is worth 1.61 lakhs. The company has given discounts up to Rs 7000 in on-road price.
Deduction of why
Most of the two-wheelers will have a tax rate of 28 percent under GST which is less than current 30 percent. However, an additional cess of 3% on motorcycles with more than 350 cc engine will be available, due to which the tax rate will reach 31%.