Hero, Bajaj Two-Wheeler Manufacturers Navigate New Tax Structure During Festival Season
Tax Rate Adjustments Impact Premium Segment In late September, the Indian government implemented revised Goods and Services Tax (GST) rates affecting the motorcycle industry. For high-capacity motorcycles exceeding 350 cubic centimeters, the tax rate was raised to 40%, while vehicles below this threshold saw their taxation reduced to 18%. This dual-rate adjustment has created a … Read more