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GST: Hero MotoCorp reduces prices by upto Rs 1800 across models

GST: Hero MotoCorp reduces prices by upto Rs 1800 across models

India Blooms News Service | | 02 Jul 2017, 06:02 pm
New Delhi, July 2 (IBNS): Automobile major Hero MotoCorp has welcomed GST regime and even announced slashing of prices by upto Rs 1800 across models.

The company is passing on the benefit of GST to its customers with a reduction in the prices of models across its product portfolio in most of the states from July 1.

The quantum of reduction ranges from Rs 400 to Rs 1800 on mass-selling models, the company said.

"The actual benefit varies from state to state, depending on the pre and post-GST rates. Some of the premium segment models would see a reduction of up to Rs 4000 in certain markets. In one or two states, such as Haryana, where the pre-GST rates were lower than the post-GST rate, the prices of a few models may go up marginally," the company said in a statement.

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