Hero MotoCorp boss Pawan Munjal calls for reduction in GST on two-wheelers
Updated : January 02, 2019 12:14 PM IST
The auto company sold 4,53,985 units in December 2018, compared to 4,72,731 units in the same month of the previous year, the company said in an exchange filing.
Munjal, in the statement, said "the cost of two-wheelers will further go up once the new set of regulations around safety comes into force, followed by the transition to BS-VI emission norms. All these will put severe stress on the extremely cost-sensitive commuters, for whom the two-wheeler is a lifeline."
The industry is expecting a positive turnaround in the fourth quarter.