Yamaha India announces New post-GST prices

India Yamaha Motor Pvt. Ltd announced its post-GST (Goods and Services Tax) prices which will be applicable for all of its products from 1st July 2017. The announcement has come in the background of the country wide application of GST as notified by The Government of India.

Commenting on the new prices, Mr. Roy Kurian, Senior Vice President, Sales & Marketing, Yamaha Motor India Sales Pvt. Ltd. said,

Yamaha welcomes the change through one nation, one market and one tax. It is quite likely that in the long run, the Goods and Services Tax (GST) will accelerate market demand as growth rate is expected to be around 10% after the implementation. On top of that, the market sentiment is optimistic, which may eventually lead to the assumed potential of the market which was debated during the implementation phase. Two-wheeler industry has come through several macroeconomic reforms this year like the engine standard upgrades and the transitory effect of demonetization which has affected the growth. What remains to be seen is how the implementation of GST will change the game.