ManagementBSA Motors seeks road tax waiver from Gujarat government
In its hope to see electric two-wheeler sales rising in Gujarat, Chennai-based BSA Motors, a business unit of Tube Investments of India (TII), part of the Rs 15,646 crore Murugappa Group, has submitted a memorandum with the state government seeking eight per cent waiver in road tax, reduction in VAT as well as provision of subsidy for the products. Once implemented, BSA Motors hopes to achieve 15 per cent of its total sales target from Gujarat.
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"While sales of electric two-wheelers across several states in the country are growing at a rate of 10 per cent, somehow it is decreasing in Gujarat. We have, therefore, submitted a memorandum with the Gujarat government to waive off road tax of eight per cent, apart from reducing VAT and providing some subsidy for the electric two-wheelers category," said KB Srinivasan, vice president, BSA Motors. With the electric two-wheeler industry, which was 1.2 lakh units and worth Rs 400 crore in 2008-09, growing at 10 per cent, TII expects to grow at 15-20 per cent by the end of financial year 2009-10.