2W prices may drop by up to 24,500 as automakers 'pass on' GST cut gain

As many as four manufacturers of two-wheelers have said they will pass on the benefits of Goods and Services Tax (GST) rate cuts to consumers, spreading cheer before the festival season.

- ANJALI SINGH

Bajaj Auto, Honda Motorcycle & Scooter India (HMSI), Royal Enfield of Eicher Motors, and TVS Motor Company made the announcement after the GST Council earlier this month cut rates on sub-350cc two-wheelers and three-wheelers from 28 per cent to 18 per cent, effective September 22.

The companies' revised prices for motorcycles, scooters, and three-wheelers will mean ex-showroom savings of 5,000 to 24,500, depending on brand and model.