Bengaluru: TVS Motor Company (TVSM) announced that it will pass on the full benefit of the recent GST rate reduction to customers across its internal combustion engine (ICE) portfolio. The move follows the GST Council’s decision to cut GST on ICE vehicles from 28% to 18%, resulting in significant savings for consumers. The new rates will take effect from September 22, 2025.
The GST cut is expected to make TVS’s ICE products more accessible to a wider audience. Electric vehicles (EVs), which already benefit from a concessional 5% GST rate, remain unaffected by the change.
CEO lauds government reforms
Speaking about the announcement, KN Radhakrishnan, Director & CEO of TVS Motor Company, 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 Hon’ble Prime Minister’s vision of Viksit Bharat 2047. We will pass on the full benefit of the GST rate reduction to customers across our ICE portfolio. TVS Motor remains committed to providing mobility solutions that are trusted, reliable and provide unparalleled user experience.”
TVS Motor will communicate the changes through extensive customer outreach to ensure buyers are fully aware of the savings.
Commitment to customer satisfaction and Viksit Bharat 2047
The company reiterated its commitment to offering a range of mobility solutions while contributing to the nation’s broader development goals. TVS Motor’s approach aligns with the government’s vision of strengthening the middle class and driving economic growth.
About TVS Motor Company
TVS Motor Company (BSE: 532343, NSE: TVSMOTOR) is a globally respected two and three-wheeler manufacturer, with manufacturing facilities in India and Indonesia. With over a century of experience, the company is known for innovative and sustainable mobility solutions. It is the only two-wheeler manufacturer to win the prestigious Deming Prize and has been recognised for leadership in product and service quality through J.D. Power surveys.
TVS’s group companies include Norton Motorcycles in the UK and TVS Ebike Company AG, a leader in Switzerland’s e-bike market. The company operates in over 80 countries, striving to deliver exceptional customer experiences through high-quality products.
For more details, visit www.tvsmotor.com.