Facebook Pixel Code

Indian Motorcycle slashes prices by up to Rs 3 lakh post cut in custom duty, Scout Sixty now cheaper by over Rs 1 lakh

Indian Motorcycles has announced a major price cut on all of its products in India, starting from the most affordable Scout Sixty to the large cruiser Indian Roadmaster. The move comes after the government reduced customs duty on CBUs.

Indian Motorcycle slashes prices by up to Rs 3 lakh post cut in custom duty, Scout Sixty now cheaper by over Rs 1 lakh

Indian Scout Sixty is the affordable motorcycle in the brand's lineup (Pictured here: Indian Scout Bobber)

Indian Motorcycle, the premium American motorcycle manufacturer and also a direct rival to Harley-Davidson, has announced a price on its entire product lineup in India. The announcement comes after the government allowed a reduction in customs duty. Indian Motorcycle has slashed the price of its products, starting from the Scout Sixty to the Roadmaster, by up to Rs 3 lakh. The prices of all nine Indian motorcycles available in India have been revised effective immediately. This brings down the price of Indian’s most affordable motorcycle Scout Sixty further down to an attractive Rs 10.99 lakh (ex-showroom).

“We are glad that the Government has rationalised the import duty structure to 50 percent across the range for imported bikes. The new attractive price of our products available in India will definitely lead to more sales. This will also create opportunities for enthusiasts to buy our iconic products and be a part of the Indian Motorcycle family,” Pankaj Dubey, Managing Director; Country Head, Polaris India Pvt. Ltd. said while commenting on the import price cut on the Indian line-up.

Last month, the government announced a reduction in duties on Completely Built Up or CBU units from 75% to 50% for motorcycles above 800cc, and for those below 800cc will see a drop from 60% to 50%. However, for Completely Knocked Down (CKD) units, the duty was raised from 10% to 15% and for Completely Built engines from 20% to 25%.

Indian Roadmaster

This meant that brands like Triumph Motorcycles and Harley-Davidson, who have worked hard to increase localisation while assembling the bikes in India, would face a negative impact of it. But brands like Aprilia, Yamaha, Indian, BMW Motorrad and Moto Guzzi would benefit from it having no assembly infrastructure in India.

You may also like: Vintage motorcycles that started it all and made Harley-Davidson, Indian Motorcycle, Triumph, Ducati and Yamaha legendary

Considering the positive and negative impacts on manufacturers in the same industry, automakers struggling to make in India will be looking to the government for some reform on this bill.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 07-03-2018 at 16:19 IST
Market Data
Market Data
Today’s Most Popular Stories ×