NewsCorporate ActionsTVS Motor Slashes Scooter Prices by Up to Rs 10,600 After GST Rate ReductionTVS Motor Slashes Scooter Prices by Up to Rs 10,600 After GST Rate Reduction
TVS Motor Company has announced significant price reductions across its scooter lineup, effective September 22, following the GST Council's decision to lower tax on two-wheelers under 350cc from 28% to 18%. The Jupiter 125 range sees savings up to Rs 7,731, Ntorq 125 variants up to Rs 8,922, and Ntorq 150 models up to Rs 10,600. For instance, the Jupiter 125 base model's price dropped from Rs 82,395 to Rs 75,600, while the Ntorq 150 standard model decreased from Rs 119,000 to Rs 109,400. Prices may vary across metro cities due to local taxes. This move is expected to make TVS scooters more accessible to a wider consumer base, potentially boosting sales as the festive season approaches.
*this image is generated using AI for illustrative purposes only.
TVS Motor Company, a leading two-wheeler manufacturer in India, has announced significant price cuts across its scooter lineup following the recent reduction in Goods and Services Tax (GST) rates. The price reductions, which took effect on September 22, come as a direct result of the GST Council's decision to lower the tax on two-wheelers under 350cc from 28% to 18%.
Substantial Savings Across Models
The company has passed on the full tax benefits to its customers, resulting in substantial savings across various models:
- Jupiter 125 Range: Savings of up to Rs 7,731
- Ntorq 125 Variants: Price reduction of up to Rs 8,922
- Ntorq 150 Models: Savings of up to Rs 10,600
New Pricing Structure
The revised prices reflect significant reductions across TVS Motor's popular scooter models:
| Model | Variant | Old Price (Rs) | New Price (Rs) | Savings (Rs) |
|---|---|---|---|---|
| Jupiter 125 | Base | 82,395.00 | 75,600.00 | 6,795.00 |
| Ntorq 125 | Disc | 88,142.00 | 80,900.00 | 7,242.00 |
| Ntorq 150 | Standard | 119,000.00 | 109,400.00 | 9,600.00 |
Note: Prices mentioned are for Delhi and may vary across other metro cities.
Metro City Variations
While the price reductions are applicable nationwide, the actual prices may vary across major metropolitan areas such as Mumbai, Chennai, Bengaluru, and Hyderabad due to differences in local taxes and other factors.
Impact on Consumers
This move by TVS Motor Company is expected to make their scooters more accessible to a wider range of consumers. The substantial price cuts, particularly on popular models like the Jupiter 125 and Ntorq series, could potentially boost sales and market share for the company in the competitive two-wheeler segment.
The price reduction comes at an opportune time, as the festive season in India approaches, which traditionally sees an uptick in vehicle purchases. Consumers looking to buy a new scooter may find these revised prices particularly attractive, potentially stimulating demand in the two-wheeler market.
TVS Motor Company's swift action in passing on the GST benefits to customers demonstrates the company's commitment to providing value to its consumers and may set a precedent for other manufacturers in the industry to follow suit.
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