Motorcycles Price is Reducing in Current Budget

As soon as the budget comes, a simple question arises in the minds of our bikers, is the price of bikes going up or down? The only reason that comes to our mind is that the price of bikes in our country goes up as soon as the budget comes, but this time the good news is that the price of bikes is going down in the financial year 2021-22.

The price of motorcycles will be reduced in the 2021-22 financial year, the duty on motorcycles also will be reduced. Imports of raw materials for motorcycles and fuel-efficient mopeds have been asked to reduce tariffs on motorcycles. As a result, the price of home-made motorcycles is expected to come down a lot. It is also hoped that the demand for moped bikes will increase in our country. The moped is smaller than the motorcycle. Its capacity is within 50cc.

Finance Minister AHM Mustafa Kamal presented the budget for the fiscal year 2021-22 in Parliament on Thursday, June 3.
In the budget proposal for the finance Minister said "motorcycles, the, I am proposing to bring necessary amendments for the expansion of the rear connectivity industry by including some new raw materials in the existing circulars for the motorcycle manufacturing or assembling industries." The moped is a fuel-efficient motorcycle. Since it plays an important role in the economic activities of small traders and the public, I am proposing to reduce the tariff rate of mopeds to ensure affordable prices.

Source: Daily Ittefaq