AnnaMay - China Automobile Expert-CNAUTO

18% GST will hike costs, promote substandard helmets: ISIHMA

NEW DELHI: ISIHMAAA industrial body has said that limiting GST on helmets below 18% will hurt the industry and jeopardize the safety of two-wheeler riders as it will accelerate the sale of substandard and cheap products. ISI Helmet Manufacturers Association (ISIHMA), an organization of organized helmet manufacturers He said that the government should provide affordable and quality helmets without GST. Currently, helmets are subject to 12.5% 0-14.5% GST VAT (depending on the state) and MRP is reduced by 35%. ISIHMA Chairman Rajeev Kapur said in a statement, “Helmets should not be treated like any other commodity. They have greater uses and should not be subjected to GST policies.” Kapoor said the prices of helmets with the ISII logo will go up due to the new GST rates. “This exaggerates the overall objective of the unorganized market and the government to set new ISII Mandatory use of ISII standards and mandatory use of ISIIISI helmets will be rejected,&...

Lucas TVS to join electric vehicle lane with traction motors

Automotive electrics manufacturer Lucas TVS plans to launch a traction motor designed specifically for electric vehicles next year, which has a history of 55 TVS The group sees this as a key de-risking strategy for the global transition to electric vehicles. The company will build a pilot line for electric vehicle mobility at one of its seven plants, with room for expansion as needed. We plan to expand it gradually. Traction motors will be used in the growing market for electric rickshaws and electric tricycles. As government regulations and incentives evolve, Lucas TVSS encourages the use of clean technology Product areas relevant to the electric vehicle industry will be evaluated. LucasTVS evaluates product areas relevant to the electric vehicle industry. For four years, the company has focused on the transition to electric vehicle technology as not only a threat to its existing business, but also an opportunity to expand into new areas. The fourth generation of the fam...

Vehicles

Tyre

Auto Spareparts

Material

18% GST will hike costs, promote substandard helmets: ISIHMA

Lucas TVS to join electric vehicle lane with traction motors