In response to the new Goods and Services Tax (GST) regulations that took effect in India on September 22nd, TVS Motors has lowered the prices of its scooters and motorcycles. This move reflects the company’s strategy of passing on tax benefits directly to consumers.
**Price Reductions Across Various Models**
The company has reduced prices on approximately 10 of its popular scooter and motorcycle models, catering to diverse market segments. This initiative aims to enhance affordability for potential buyers.
**Price Reduction Details**
The price reductions vary depending on the specific model, ranging from ₹3,854 to ₹9,600:
* Jupiter 110: Price reduced by ₹6,481
* Jupiter 125: Price reduced by ₹6,795
* NTORQ 125: Price reduced by ₹7,242
* NTORQ 150: Price reduced by ₹9,600
* TVS XL 100: Price reduced by ₹3,854
* Radian: Price reduced by ₹4,850
* Sport: Price reduced by ₹4,850
* StarCity: Price reduced by ₹8,564
* Raider: Price reduced by ₹7,125
* Jive: Price reduced by ₹6,291
**New Ex-Showroom Prices**
The updated ex-showroom prices for selected models are now:
* Jupiter 110: ₹72,400
* Jupiter 125: ₹75,600
* NTORQ 125: ₹80,900
* NTORQ 150: ₹1.09 lakh
* XL 100: ₹43,900
* Radian: ₹55,100
* Sport: ₹55,100
* StarCity: ₹72,200
* Raider: ₹80,500
* Jive: ₹70,600
**Customer Benefits**
The changes in GST rules have led to lower production costs for TVS, resulting in direct savings for customers. The significant price cut on the NTORQ 150, for instance, makes it an even more attractive option, particularly for younger customers. The price reductions on budget-friendly vehicles like the XL 100 and Radian will also be beneficial to customers in rural areas and smaller towns.