Coinciding with the implementation of GST from 1st July throughout Tamil Nadu, Honda is set to offer substantial price concessions.
Following the GST implementation, there are scopes for the prices of 2-wheelers to reduce by a considerable extent.
Even before the GST plan/impact, some 2-wheeler manufacturers had reduced their prices.
It is understood that Honda is set to come up with a sensational concession offer on 1st July, coinciding with the implementation of GST.
A senior official of Honda informed that there would be a reduction of prices from 3% to 5% in 3 Honda 2-wheeler models including the largest selling Honda Activa and Honda Unicorn.
The Vice President for Sales of Honda Motorcycles and Scooter Company, Mr. Kuleria, has announced that Honda is set to pass on the entire benefits of the new GST to its customers.
It is gathered that revised prices may vary from state to state depending on the models.