TVS to pass on full benefit of GST cut to customers; Check expected price of Raider, Jupiter, Apache

TVS Motor Company on Monday, September 8, announced it will pass the full benefit of the recent goods and services tax (GST) rate cut to customers across its internal combustion engine (ICE) portfolio, following the reforms introduced by the GST Council.

Last Wednesday, the GST panel announced sweeping rate cuts across a range of products and services, including ICE vehicles, for which it reduced the rate from 28% to 18%.

TVS Motor Company said that the benefits will be available to its customers starting September 22, 2025.

Electric vehicles remain unaffected and continue to enjoy the concessional rate of 5% GST, the regulatory filing added.

Commenting on the benefits, KN Radhakrishnan, Director & CEO of TVS Motor Company, said: “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 an unparalleled user experience.”

The firm will be undertaking extensive communication measures to apprise customers of the benefits accruing from GST rate reductions, it added.

Here are some estimates about the prices of its models after the GST rate cut:

TVS Motor Company is not the only automaker announcing price cuts post the GST rejig.

Auto manufacturers such as Mahindra & Mahindra (M&M), Renault India, Toyota Kirloskar Motor, Tata Motors, Mercedes-Benz, and Hyundai Motor India announced a reduction in prices over the weekend.

While all other automakers are rolling out the price changes from September 22 onwards (date when the GST rate cut will also come into effect), Mahindra’s price cut came into effect on Saturday, September 6.

Shares of TVS Motor Company closed 3.12% higher at ₹3,585 apiece on the National Stock Exchange (NSE) on Monday, September 8. However, the announcement came after the market closed.

The auto manufacturer has a total market capitalisation of ₹1.7 lakh crore, as of September 8, 2025, according to data on the NSE.