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Budget 2017: Reduction in income tax to boost two-wheeler sales in India

01 February 2017, 03:52 PM Pratheek Kunder
Budget 2017: Reduction in income tax to boost two-wheeler sales in India

The Finance Minister of India has reduced the tax to 5 per cent from 10 per cent for people with annual income between Rs 2.5 lakh and Rs 5 lakh. 

This is a big news for the Indian two-wheeler manufacturers. A majority of their motorcycle and scooter buyers come from this salary bracket. People in this bracket has the ability to save up for the two-wheeler EMI, but for cars, it’s a bit of a stretch. So the reduction in tax would lead to more savings, which will directly lead to new two-wheeler purchases. In fact, some of the customers would spend more than their planned budget and could opt for more expensive and better two-wheelers. 

We’re expecting the footfalls in two-wheeler showrooms to increase from April 2017. It looks like the two-wheeler manufacturers will start their new fiscal year with good growth. 

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Honda Activa 3G

Honda Activa 3G

  • Displacement109.2 cc
  • Mileage - Owner Reported45 kmpl
  • Max Power(bhp)8 bhp
  • Kerb Weight108 kg
  • ;

Last known Avg. Ex-showroom price

₹ 52,309

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