TVS Motor to pass GST savings on ICE vehicles to customers

TVS Motor Company, on Monday, said it will pass on the full benefit of the recent GST rate reduction to customers across its internal combustion engine (ICE) portfolio. The GST Council reduced tax rates on ICE vehicles from 28% to 18%.The company said the revised rates will apply from September 22, 2025, and will bring significant savings on its products. Prices of scooters and motorcycles have not been specified. Electric vehicles remain taxed at the concessional GST rate of 5%.

KN Radhakrishnan, Director and CEO, TVS Motor Company, in a statement, said, “We sincerely thank the Government of India for these progressive reforms. We will pass on the full benefit of 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.”
The company said it will undertake extensive communication measures to inform customers about the GST benefit.TVS Motor reported a net profit of ₹7.79 billion on revenue of ₹100.81 billion for the June quarter. On Monday, its shares closed 3.3% higher at ₹3,591.30 on the National Stock Exchange.