TVS Motor Share: The company has also made a big announcement on the new GST rates - customers will get the benefit

News Topical, Digital Desk : After the announcement of new GST rates, auto companies are continuously announcing to give the benefit of tax reduction to the customers. After Tata Motors and Mahindra, now TVS Motor has also announced to give the benefit of new GST rates to the customers in the information given to the exchange. The government has announced to impose 18 percent GST on auto companies and 40 percent GST on luxury category vehicles, while the cess has been completely abolished.

TVS Motor Company (TVSM) said that the full benefit of the rate cut recently made by the government through the GST Council will be given to the customers of its ICE (Internal Combustion Engine) vehicles. After reducing the GST rates from 28 percent to 18 percent, customers will get significant savings on these products. According to the company, this step is going to increase the accessibility and availability of ICE products. There is no change in GST of 5 percent on EVs Electric Vehicles (EVs) and they will continue to benefit from 5 percent GST rate as before. These benefits will start to be available to customers from 22 September 2025. KN Radhakrishnan, Director and CEO, TVS Motor Company said, "The reform in GST rates is a bold and transformative step, which will boost consumption in the society. We express our gratitude to the Government of India for these progressive reforms. " He said, "The continued efforts of the government are important towards strengthening the purchasing power of the middle class and the goal of 'Developed India 2047'. TVS Motor will pass on the full benefit of this reduction to its ICE vehicle customers.'' TVS Moto's stock closed at Rs 3,585 on Monday with a gain of 3.12 percent. In the last one year, the company's stock has seen a gain of 548.26 percent. 

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