The impact of the new GST rules implemented in India from September 22nd is now clearly visible in the automobile sector. Several vehicle manufacturers are adjusting the prices of their vehicles to pass on the benefits of the tax reduction directly to customers. In this list, TVS Motors, a major two-wheeler manufacturer in the country, has reduced the prices of its scooters and motorcycles.
**Price Reduction on 10 Models**
The company has announced that the prices of approximately 10 popular scooters and motorcycles have now been reduced. These include vehicles from entry-level to premium segments. The company says that purchasing will become easier for customers after the new regulations.
**How Much Have Prices Decreased?**
According to the information provided by the company, price cuts have been made at various levels on several models. This reduction ranges from ₹3,854 to ₹9,600.
* Jupiter 110: Price reduced by ₹6,481
* Jupiter 125: Price reduced by ₹6,795
* NTORQ 125: Price reduced by ₹7,242
* NTORQ 150: Price reduced by ₹9,600
* TVS XL 100: Price reduced by ₹3,854
* Radian: Price reduced by ₹4,850
* Sport: Price reduced by ₹4,850
* StarCity: Price reduced by ₹8,564
* Raider: Price reduced by ₹7,125
* Jive: Price reduced by ₹6,291
**New Prices (Ex-Showroom)**
After the price cuts, the new prices of TVS scooters and motorcycles are:
* Jupiter 110: ₹72,400
* Jupiter 125: ₹75,600
* NTORQ 125: ₹80,900
* NTORQ 150: ₹1.09 lakh
* XL 100: ₹43,900
* Radian: ₹55,100
* Sport: ₹55,100
* StarCity: ₹72,200
* Raider: ₹80,500
* Jive: ₹70,600
**Direct Benefit to Customers**
The changes in GST rules have reduced the company’s production costs, and its direct profit is reaching the customers. For example, NTORQ 150 has seen a significant reduction of approximately ₹9,600, making it an even more attractive option among the youth. The reduced prices of entry-level models like XL 100 and Radian, which are budget-friendly vehicles, will be beneficial for customers in villages and small towns.