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GST reduction on two-wheelers to act as 'tailwind' for industry: HMSI

"It will definitely help and act as a tailwind for the industry against what we are seeing today, the headwinds from multiple sides," Guleria noted

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Elaborating on the situation, he said that people want to preserve cash these days due to economic slowdown related uncertainties.

Press Trust of India New Delhi
Honda Motorcycle and Scooter India (HMSI) has supported calls from various industry quarters for reduction in GST on two-wheelers, saying the move would act as a 'tailwind' for reviving the sector which has been facing challenging business environment.
In an interview to PTI, a senior official of the Japanese two-wheeler major said the sector has been currently facing various headwinds due to economic slowdown that has hampered the growth of the sector.
"We are also confident that any such move that will increase affordability for the buyer and which adds to their savings, why not (bring it)," HMSI Director Sales and Marketing

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First Published: Sep 20 2020 | 4:27 PM IST

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