Two-Wheeler Shares: In Friday’s buying and selling session within the Indian inventory market, there’s a sturdy rise within the shares of two-wheeler corporations within the auto sector. Be it Hero MotoCorp, Bajaj Auto or TVS Motors, sturdy shopping for has been seen within the shares of those corporations. The most important rise has come within the inventory of Bajaj Auto which is buying and selling with an increase of 5.58 p.c. The rationale for the rise in these two-wheeler shares is the demand made by the Federation of Car Sellers Associations from the federal government. FADA has demanded discount in GST fee on two-wheelers from entry degree.
There ought to be discount in GST fee on two-wheelers!
FADA President Manish Raj Singhania mentioned within the Auto Retail Conclave that there was a rise of seven p.c within the retail gross sales of automobiles however the gross sales of entry degree two-wheelers are nonetheless sluggish. He requested Highway Transport Minister Nitin Gadkari, who was current on the occasion, to assist in decreasing the GST fee of entry degree two-wheelers in 100 cc and 125 cc segments from 28 p.c to 18 p.c. He mentioned that this won’t solely be a change in coverage however may also assist in bringing socio-economic change. He mentioned that 75 p.c of complete auto gross sales are seen on this section.
There’s a slowdown in two-wheeler gross sales
In response to FADA, two-wheeler gross sales between April and August have elevated by 4.49 p.c to 69,15,914 items as in comparison with 62,35,642 items in the identical interval within the earlier 12 months. After this demand of FADA, there’s a rise within the shares of two-wheeler corporations.
Two-wheeler shares increase
Bajaj Auto is buying and selling at Rs 5115 with an increase of 5.62 p.c or Rs 271. Shares of Hero MotoCorp are buying and selling at Rs 3068 with an increase of two.30 p.c or Rs 70. TVS Motors is buying and selling at Rs 1503 with a leap of two.69 p.c and Eicher Motors is buying and selling at Rs 3447 with a leap of 1.86 p.c. Many consultants imagine that the agricultural financial system has not picked up. If GST is decreased on two-wheelers, it is going to assist in growing two-wheeler gross sales in rural areas.
learn this additionally
