Budget 2020: Reduce GST on bicycles to 5% from 12% to revive demand in rural markets, urges Hero Cycles
The company has also sought extension of FAME-II benefits to electric bicycles
In a letter to Consumer Affairs Minister Ram Vilas Paswan, Gadkari expressed concern over a large number of cyclists who are killed in road accidents.
Hero Cycles, the world's largest cycle manufacturer, has acquired 60 percent stake in German bicycle company MIFA for 15 million Euros or Rs 800 crore.<br />
The CCTV footage and other evidence in its present form is unlikely to lead the investigators looking into the Hyderabad blasts anywhere.