After The Successful Launch Of GST, Cars And Bikes Get Cheaper
As the GST kicks in, prices of poplar cars and bikes comes down. Experts at Nirmal Singh Lotus Green suggest that the new GST rates will bring about parity across the country and will lead to a one nation, one tax regime. The biggest benefit will be for the people in Mumbai where the Octroi will be subsumed in the new GST rates. While companies will be waiting till Monday to announce the new prices, but this will have an impact across the manufacturing and supply value-chain which includes part-providers and margins of dealers as well. "There will be no billing from dealerships on Saturday and Sunday and commercial transactions will not be carried out," said the senior VP of Honda Motorcyle and Scooter India, Y S Guleria. “However, bookings will remain open,” he further added. Larger SUVs and sedans will see the maximum price slash but smaller cars will also be marginally cheaper. "The final prices are still being worked out, but we have already assured c...