CHENNAI, Sep 8: Two and three-wheeler makers TVS Motor Company (TVSM) today announced that it will pass on the full benefit of GST rate reduction to customers across its ICE portfolio from September 22, following the recent reforms introduced by the GST Council.
With the Council reducing GST rates on ICE vehicles from 28% to 18%, there will be significant savings on our products, a company statement said.
This landmark decision by the government appreciably enhances the accessibility of our ICE products. Electric vehicles remain unaffected and continue to enjoy the concessional rate of 5% GST.
The benefits will be available to customers starting September 22, 2025.
Company Director and CEO KN Radhakrishnan said: The GST rate rationalisation is a bold and transformative move that will accelerate consumption across society. We sincerely thank the Government of India for these progressive reforms.”
The Government s consistent efforts to boost growth and strengthen the middle class s spending power are vital steps towards realising the Prime Minister s vision of Viksit Bharat 2047.
“We will pass on the the full benefit of GST rate reduction to customers across our ICE portfolio”, he said.
The company will be undertaking extensive communication measures to apprise customers of the benefits accruing from GST rate reductions.
TVSM reaffirms its commitment to making a wide range of mobility solutions available to customers and contribute to the mission of Viksit Bharat 2047.
(UNI)
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