Hero MotoCorp, HMSI, Bajaj Auto and Suzuki Bike are providing discount rates of up to Rs 22,000 on BS-III models to liquidate stocks, one day after the Supreme Court prohibited sale and registration of such vehicles, starting from April 1, 2017.
Lets have a look at the discount rates being provided by a few of the major two-wheeler makers in India.
With 6.71 lakh two-wheelers, from over 8 lakh BS-III vehicles affected by the ban, dealerships said the instant effort is to try selling all units prior to the due date by providing unusual discounts in the market
Honda Motorcycle and Scooter India (HMSI), which had at first provided a flat discount of Rs 10,000 on its BS-III scooters and bikes boosted it to Rs 22,000 later on in the day. The company stated it is providing money back offer of Rs 22,000 on its BS-III scooters and motorcycles designs Activa 3G (priced Rs 50,290), Dream Yuga (Rs 51,741), CB Shine (Rs 55,799 to Rs 61,283) and CD 110DX (between Rs 47,202 to Rs 47,494).
Market leader Hero MotoCorp provided discounts of up to Rs 12,500 on its BS-III two-wheelers. As per the dealers, the business is providing a refund of Rs 12,500 on its scooters, Rs 7,500 on premium bikes and Rs 5,000 on entry-level mass market motorcycles. The models on which discount rates are provided include scooters Duet (cost Rs 49,480) and Maestro Edge (Rs 51,030), motorbikes Glamour (Rs 59,755) and Splendor 125 (Rs 55,575).
Two and three wheeler significant TVS Motor has signed up with other makers in providing discounts on BS III designs to liquidate stocks and has actually revealed discounts “up to Rs 20,150” throughout its models in BS III variants which stands for one day (March 31,2017), business sources stated.
Another two-wheeler maker Suzuki Bike India also revealed deals on its Let’s scooter and Gixxer bike. On the scooter, Let’s priced (Rs 47,272 to Rs 53,766), the maker offered a discount of Rs 4,000 plus a free helmet, while on Gixxer (Rs 77,452 to Rs 90,421) the benefit is up to Rs 5,000 with exchange benefits as much as Rs 2,000.
Bajaj Auto also provided discount rates and complimentary insurance on its different models, beginning with the entry level Platina to Pulsar RS200 in the range of Rs 3,000 to Rs 12,000 along with complimentary insurance. “If there are any unsold inventory left, we have the possibility to export as we are a big exporter to around 70 nations throughout the world,” Bajaj Auto President S Ravikumar stated.
The companies stated the offer will stand till stocks last or as much as March 31.