Bajaj Auto slashed prices for its entire model range even before the GST comes into effect. The company wants to pass on the benefit it will accrue to its customers. When the GST kicks in on July 1, manufacturers will save on costs, which they will eventually trickle down to customers. Bajaj has reduced its prices by as much as ₹4,500 (depending on the state and model) for all its offerings.
According to Eric Vas, president, motorcycle business, Bajaj Auto, "As a responsible corporate, Bajaj Auto is happy to pass on the price saving accruing from GST to its customers. With the GST implementation just around the corner, we felt that it would be appropriate to pass on this significant savings to customers. Bajaj Auto is proud to be the first and only motorcycle company in India, to offer post-GST reduced prices to customers even before the implementation date. Customers no longer need to wait until July 1 to buy their desired Bajaj motorcycle."
The bike maker hasn’t given us any details about the actual prices of its bikes, or the on-road price change once GST comes into effect, but all manufacturers will end up releasing final numbers a few months after the new tax regime kicks in.