Royal Enfield is one of the few manufacturers that sell bikes both above and below the 350cc mark. Under the new GST norms, bikes below 350cc attract a tax of 28% while bikes with engine capacities above 350cc are taxed at 31 per cent. Earlier, all bikes were taxed at 30%.
A government initiative, GST (Goods and Service Tax) is a unified tax norm that aims to channel all different existing taxes into one single tax. Read here to know more about GST and its impact on two-wheelers.
While Royal Enfield models below 350cc witness a minor hike in ex-showroom price, bikes above 350cc see a substantial hike in prices. The Himalayan sees the highest hike in ex-showroom price at Rs 3,819. This though might include the cost of fuel injection as the Himalayan has currently been discontinued to make way for the Himalayan FI.
While ex-showroom prices for bikes below 350cc might have dropped marginally, prices for Insurance and RTO charges have gone up. Together, they offset the gains to be had with the drop in ex-showroom price. In, a nutshell prices for Royal Enfield models have gone up.
(Latest News in English from Newsx)