Is it wise to own a Two Wheeler Now?

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Azadi Ka Amrit Mahoutsav

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THIS IS THE RIGHT TIME TO BUY A TWO-WHEELER!

With the domestic two-wheeler industry all set to transition to the new BS-VI emission norms from April 1, 2020, all the manufacturers are racing against time to liquidate the inventory of their BS-IV vehicles.

Recently many two-wheeler manufacturers have launched BS-VI compliant products and the prices of these products are 12-15% higher than their BS-IV variants. So, for a motorcycle or scooter that costs Rs. 50,000, the price would increase by around Rs. 7000 – 8000, and for a vehicle costing Rs. 100,000 the price would increase by Rs. 12000 – 15000.

Thus, right now, is the most opportune time for customers to buy their motorcycles and scooters and save 12-15% on the purchase cost.

For instance, Hero MotoCorp, the country’s largest two-wheeler manufacturer has already launched two BS-VI compliant motorcycles, including the Splendor iSmart and HF Deluxe.

The HF Deluxe BS-VI is now priced at Rs. 55,925 (ex-showroom Delhi).  So, if a customer purchases a BS-IV version of this motorcycle today, he/ she can save nearly Rs. 10,000 including the ongoing discounts.

Thus, today there is a significant cost-benefit of buying a BS-IV two-wheeler. The sustained benefit will also include a higher resale value for BS-IV two-wheeler later given the higher price range of new BS-VI models.

Manufacturers like Hero MotoCorp are also fast discontinuing the production of BS-IV inventory, thereby making stocks of BS-IV two-wheelers very limited. These two-wheelers are being sold on attractive offers until inventories last.

According to a Hero MotoCorp dealer, “The Company is aggressively replacing all the stocks of BS-IV vehicles with BS-VI vehicles. There is little stock of BS-IV vehicles coming from the Company and we are also exhausting our inventories very quickly. By February, we may not have a lot of BS-IV vehicles left with us.”

Hero MotoCorp is in good stead for a transition of its entire product range to BS-VI emission norms. It has already discontinued over 125 variants of its BS-IV range of motorcycles and is only producing BS-VI scooters. The Company introduced India’s first BS-VI motorcycle, the Splendor iSmart in November last year and launched the HF Deluxe BS-VI within a few weeks after the first introduction.

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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