GST Effect - UM Motorcycles Slashes down Bikes Prices in India
The American bike maker, UM Motorcycles has declared that it will pass on GST (Goods and Service Tax) advantages to clients with prompt impact. With this move, the organization's two offerings – UM Renegade Commando and UM Renegade Sport S now get Rs 5,684 and Rs 4,199 more moderate than some time recently, separately. Right now, the previous is estimated at Rs 1.78 lakh and the last one accompanies a sticker price of Rs 1.84 lakh (all, ex-showroom, Pune).
The new GST standards will become effective from first July 2017. It's should be noticed that the GST advantages will differ model and state-wise. Under this new framework, the assessment rate on the bikes will be 28% which is right now around 30%. Despite what might be expected, the motorcycles with more than 350cc motor limit will draw in an extra 3% cess.
Both the UM Renegade motorcycles are, as of now, retailed by means of 44 dealerships in India. The organization is likewise wanting to setup another generation plant close Hyderabad with a limit of 100,000 units. This will help the bikemaker control costs by up to 18%. As of now, creation of both the bikes occur at UM-Lohia's Uttarakhand based assembling office.
Read Bajaj Cuts Bikes Prices
The new GST standards will become effective from first July 2017. It's should be noticed that the GST advantages will differ model and state-wise. Under this new framework, the assessment rate on the bikes will be 28% which is right now around 30%. Despite what might be expected, the motorcycles with more than 350cc motor limit will draw in an extra 3% cess.
Both the UM Renegade motorcycles are, as of now, retailed by means of 44 dealerships in India. The organization is likewise wanting to setup another generation plant close Hyderabad with a limit of 100,000 units. This will help the bikemaker control costs by up to 18%. As of now, creation of both the bikes occur at UM-Lohia's Uttarakhand based assembling office.
Read Bajaj Cuts Bikes Prices
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