Bigger the bike, higher the tax: Those under 350cc to benefit
Royal Enfield and other big bike manufacturers are facing challenges as GST rate cuts favor motorcycles below 350cc, while those above see a tax increase to 40%. This shift impacts popular models like the Himalayan and Interceptor, potentially hindering investment and global reach, according to Royal Enfield MD Siddhartha Lal.🕒 1 min read
Royal Enfield and other big bike manufacturers are facing challenges as GST rate cuts favor motorcycles below 350cc, while those above see a tax increase to 40%. This shift impacts popular models like the Himalayan and Interceptor, potentially hindering investment and global reach, according to Royal Enfield MD Siddhartha Lal.
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