honda-to-slash-prices-on-two-wheelers-by-up-to-18-800

Honda Motorcycle & Scooter India (HMSI) on Thursday said it will reduce prices on both scooters and motorcycles in up to 350 cc category in order to pass on the GST rate cut benefits to customers.

With the GST Council slashing down Goods and Services Tax (GST) on nearly 400 items, the automobile and two-wheeler sector has also been asked to reduce rates on cars and bikes.

 

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In a statement, Honda Motors said it will pass on full benefits of the recent GST rate reduction to its customers across its product portfolio and cut down prices by up to ₹18,800, depending on the model.

"The reduction in GST on two-wheelers and spare parts is a timely and forward-looking step, making vehicles more affordable and strengthening the overall ecosystem," HMSI Director, Sales & Marketing, Yogesh Mathur said.