Eicher’s recently introduced vehicles may not help the company regain the market share lost in the 250cc and above segment while Hero Motocorp and Bajaj Auto are set to gain speed on the back of robust demand.
The continuous rise in two-wheeler prices has consequently led to a decline in sales, emphasising the pressing need for intervention and GST rate reduction, , Automobile dealers association, automobile sector, gst, 2-wheelers
The Federation of Automobile Dealers Associations (FADA), the leading body of automobile retail in India, on Thursday submitted a critical representation to the Goods and Services Tax (GST) Council, urging an immediate reduction in the GST rate on two-wheelers from the current 28 per cent to 18 per cent.