The continuous rise in two-wheeler prices has consequently led to a decline in sales, emphasising the pressing need for intervention and GST rate reduction to restore the industry’s growth trajectory. The Hero Splendor and TVS Jupiter have also experienced considerable price hikes over the same period, with their prices soaring from Rs 46,000 to Rs 74,801 and Rs 49,000 to Rs 88,498, respectively. Similarly, the Bajaj Pulsar has witnessed a substantial increase from Rs 72,000 in 2016 to Rs 1.5 lakh in 2023. This surge in prices can be attributed to multiple factors, including the rising cost of raw materials, stricter emission norms and higher taxes and levies.įor instance, the price of the popular Honda Activa has escalated from Rs 52,000 in 2016 to Rs 88,000 in 2023. This action it says underscores the urgency and significance of the issue.įADA says over the past few years, the prices of various two-wheelers have risen significantly, impacting their affordability for consumers across India.
The apex body has forwarded its appeal to the Finance Minister Chair of the GST Council all GST Council members the Ministry of Heavy Industries, which supervises the automobile sector and the Ministry of Road Transport & Highways. All-new TVS Jupiter 125 launched in India at ₹73,400
0 kommentar(er)
