Hero MotoCorp CEO Advocates 18% GST for Two-Wheelers up to 125cc, Stressing Necessity not Luxury

Hero MotoCorp's CEO has advocated for an 18% GST on two-wheelers under 125cc, stressing that these vehicles are necessities and not luxury items. The current tax rate of 28% for these vehicles has led to increased prices, making them unaffordable for the middle class and lower-income groups. The CEO argues that a reduction in the tax rate would help the industry grow by making these vehicles more affordable, especially in rural areas. He also highlighted that motorcycles and scooters play a crucial role in daily transportation, especially in India’s evolving socio-economic landscape. The proposal aims to make the vehicles accessible to a larger population, facilitating mobility and encouraging overall economic development.