Indian Motorcycle: The American automobile maker, Indian Motorcycle has recently declared huge price reduction of all their vehicle series all over India. They have reduced the price of their all bikes by INR 3 lakh. The bikes of the famous company, Indian Motorcycle is entirely shipped from the US in India. The reason behind such exciting decision of price reduction is because of the government’s settlement to decrease customs duty on imported vehicles. The company is known for manufacturing and producing many marvelous cruiser bikes, starting from the Indian Scout Sixty to the high-grade muscular Indian Roadmaster. The company doesn’t manufacture their bikes in India as is completely imported from the US, so it has a huge demand in the Indian market.
According to the nation head and MD of Polaris India Pvt. Ltd, “They are happy with the decision taken by the Government to reduce the import duty composition by 50% for all the series of imported motorcycles. The current lowered value of each Indian Motorcycle units in India will positively increase the economics of the company. The price will overwhelm the fans and as a result, they will easily buy the sporty bikes with a pocket-friendly price”.
The decision to cut prices of the completely built unit (CBU) models comes after the government announced a reduction in customs duty to 50 percent on imported motorcycles. Many premium motorcycle brands, which sell imported bikes in India, have announced price cuts, but only on those models which are CBUs. Motorcycles which are assembled in India from completely knocked down (CKD) kits are expected to become more expensive with an increase in motorcycle components. But customs duty on other imported motorcycles, particularly from countries like Thailand, with whom India has a Free Trade Agreement (FTA) will remain the same.
Previously, 800cc and less engine capacity drew 60% duty whereas engines of 800cc and higher 75% duty. So, at present, the government has revised the Custom’s Duty form to 50% only for all the imported motorcycle series. Nevertheless, for Completely Knocked Down (CKD) products, Customs Duty is now increased from 10% to 15% and concerning Completely Built engines (CBU) of 20% to 25%. Here is the reduced price list of all imported Indian Motorcycle models:
Indian Scout Sixty: INR 10,99,500
Indian Scout: INR 12,69,500
Indian Scout Bobber: INR 11,99,000 Onwards
Indian Chief Dark Horse: INR 18,81,000
Indian Chief Classic: INR 21,29,500
Indian Chief Vintage: INR 25,32,500
Indian Springfield: INR 33,50,000 Onwards
Indian Chieftain: INR 32,01,000 Onwards
Indian Roadmaster: INR 39,00,000 Onwards
With the decrease in Custom’s Duty, some more popular automobile manufacturer like Harley Davidson and Ducati have similarly cut estimates of the models on marketing in the country. The Indian Motorcycle vehicle models are on sale in every business dealerships including the New Delhi, Bengaluru, Chennai, Hyderabad, Mumbai, Ahmedabad, Chandigarh and Jaipur / Cochin / Guwahati (To Come shortly). So, hurry if you also want to buy for yourself.