Royal Enfield, the maker of Bullet motorcycles, is engaging with the government to pitch a common Goods and Services Tax (GST) rate of 18% on all motorcycles, according to the company’s chief executive officer.

As part of the GST 2.0 reforms, the tax rate on motorbikes up to 350cc was reduced to 18% from 28% earlier while that on motorcycles above 350cc was hiked to 40%. Advertisement

“We have been engaging with government agencies to see whether we can have a one equal slab of 18% because it will certainly help in the 450cc and 650cc segments to get scale in India and thereby take the product to internation markets where there is potential,” said B Govindarajan, Managing Director of Eicher Motors, and Chief Executive Officer of Royal Enfield.

“In more than 350cc segment, as the GST ra

See Full Page