Strong case for GST reduction on two-wheelers up to 125 cc to 18 pc, says Hero MotoCorp CEO
There is a strong case for GST reduction on two-wheelers up to 125 cc as these cater to non-sin goods but mobility option for masses in the country, Hero MotoCorp CEO Niranjan Gupta said on Wednesday.
The government should also continue on the path for long-term growth, stability and investments, he added.
He was answering to a query regarding wishlist for the upcoming Union Budget.
"Honestly, GST is not the subject of the Union budget. But having said that, I would say there's a strong case for GST to move down from 28 to 18 per cent especially for two-wheelers, up to 125 cc, because they are meant as vehicles for masses," Gupta said.
They are not sin or luxury goods but provide mobility to masses in India, he added.
