- 1 Good News for Superbike Lovers, Prices of Imported Bikes slashed by 25%
Good News for Superbike Lovers, Prices of Imported Bikes slashed by 25%
Good news for lovers of the most powerful superbikes in India. Following a 25% reduction in the import duties of the heavy machines on two wheels, prices in India are set to get reduced by as much as Rs 7.36 lakhs.
It was about three weeks ago that the central government had reduced the import duty on bikes with a displacement of more than 800 CC by 25% to 50%. This reduction is applicable to the Completely Built Up (CBU) units.
Ducati, Harley Davidson to be cheaper
The benefits from the reduced import duties are now being passed on to the customers by the manufacturers. So, bike lovers with some money in their pockets can now get the Ducatis and the Harley Davidsons at significantly lower prices. Prices have already been slashed by a number of superbike makers including Ducati and Harley Davidson for their CBU models.
For example, the Monster 1200, Monster 1200 S Red, Monster 1200 S Charcoal Grey and the Panigale R Final Edition models of Ducati would now be available to bike lovers at reduced prices. These are all produced and assembled at the company’s factory in Bologna, Italy. The Monster 200 is now priced at Rs. 20.10 lakh after a reduction of Rs 2.92 lakh while the flagship Panigale R Final Edition of the Italian maker is now cheaper by Rs 7.36 lakh and that would be deducted from its earlier price of Rs 59.18 lakh.
The Touring and CVO range of models of Harley-Davidson India would also come cheaper to bike enthusiasts across the range of the models. The maximum price cut for bikes of that model-range is Rs 3.73 lakh and applicable for the flagship model of Harley-Davidson in India – the CVO Limited. The current reduced price of the bike is Rs 49.99 lakh compared to its earlier price of Rs 53.72 lakh. Similarly, there has been a reduction in the price of the top line of the company’s bikes – the Touring, the Road Glide Special, with a minimum reduction of Rs 2.62 lakh. This superbike is now available in India at Rs 32.99 lakh compared to its earlier price of Rs 35.61 lakh per unit.
Prices of up to Rs 3 lakhs have been slashed by Indian Motorcycle. The price reduction is however applicable to the range of bikes of the company that are currently available in India and would include the likes of Indian Scout Sixty, Scout, Indian Chief range and the Indian Roadmaster. The amount of reduction would be dependent on the current price of the bikes.
On the other hand, prices are expected to rise for those bikes that are imported into India as Completely Knocked Down (CKD) units and are assembled later here. The increased import duties on those bikes were announced in the Union budget presented in February. Prices of such bikes have already been hiked by the assembling companies in India.
For example, there will be a price increase of between Rs 40,000 and Rs 62,000 in the CKD line-up of Triumph Motorcycle from March 19. The Street Twin bike – the least costly bike of the company, would now be priced at Rs 7.82 lakh instead of the earlier price of Rs 7.42 lakh.