Significant festive season
According to the Society of Indian Automobile Manufacturers, the sale of motorcycles from CC 350 CC to CC CC type, Huskwarna, Harley-Devidson X4040, KTM and Royal Enfield Gunimi models have gone up to 5 units in the first six months.
Companies fear that performing high duties can increase the demand for premium motorcycles, especially during the important festive season. “As per the expected GST implementation, 350 CC+ section is showing us a decline … mainly (tax rate) 350 minus section 18%,” said the two -wheeler’s executive.
GRT is retailing the Harley-Devidson X440 at the prices of pre-GST, while Bajaj has maintained the price in his TRIMF and KTM category.
The Royal Enfield, the leader in the medium-sized motorcycle market, is the only mass-marketed brand to cross the GST rent, which has increased the prices of 350 cc models.
Companies are crowded in the showroom after the GST pre-sales rise in the premium bike, and companies are accepting the latest strategies to conquer prices. Some manufacturers and vendors believe that going to high rates of GST will prevent many buyers.
Premium Sports Motorcycle Brand KTM did not change X-showroom prices in its 390cc lineup. “By embracing the increased results, KTM has made sure that the riders can enjoy racing DNA on the festive season like 390 duke, 390 adventure and RC 390,” Bajaj Auto said last week. The models below 350 cc, including the GST cut, including 160 dukes, 200 dukes and 250 duke-haws, became more accessible.
Trymph has also embraced the higher tax, its speed 400, scramblers 400 x and new Thrresston 400 are strengthened in a rapid growing medium-capacity section.
On the contrary, Dukta has raised prices in his portfolio by ₹ 1.36- 2 lakh. “We have managed to sell gentle this month because consumers had already estimated the hike,” said Bipul Chandra, Managing Dukti India. He, however, warned: “In October, there will be a real impact.”
The head of the classic giants and the head of the brand, Shardul Verma, Java, Yezdi and BSA brand premium motorcycle heads, said the demand for the sub -350c type has been strengthened by recent launch and favorable tax treatment.
New challenges
He said, “We have nine motorcycles in the 3500CC section and GST has really helped us. On the contrary we started two new products-the adventure and roadter-back-back-back-back-back-back-back-back-back-back-back-back.
Verma acknowledged that the company has also chosen to increase GST fare on motorcycles over C500 cc. “The volume is focused on the 350cc section, so the overall effect is limited while absorbing 40% of the growth above 28%. We are watching a very strong atterine in our high -wave models.” The increase in sales, however, has faced new challenges. “We have to face the shortage of truck. Logistics have become a problem,” Verma mentioned.
Vendors across the country are optimistic that in October, festive encouragement and plans will help to resist the demand for large-capacity bikes.
“The Norton Global Launch is on the launch track. In November, the world will be revealed from EICMA, Milan. This TVS Motor Spokeson said that improving GST in Milan is a brave and transformational move.”