 "Moped")
TVS Motor Company, the only manufacturer of mopeds in India, is expecting that support from retail finance companies and a possible reduction in Goods and Services Tax (GST) rates for two wheelers might help reduce the impact of implementation of Bharat Stage VI (BS VI) norms on moped prices.
Analysts say that the transition from BS IV to BS VI emission norms could push up the cost of mopeds. The increase -- due to smaller size and ticket size -- is expected to be steeper for mopeds compared to other two-wheelers.
Vivek Kumar, Auto and Auto ancillaries sector analyst, JM
