Bajaj Auto MD Rajiv Bajaj criticizes high taxes on the Indian auto industry, contrasting rising emission standards with a hefty 28% tax burden, far surpassing ASEAN countries’ 8-14% GST. He urges reducing vehicle taxes from 28% to 12-18% for industry relief, especially amidst stagnant motorcycle demand due to COVID-19. Bajaj’s remarks came during the launch of the Pulsar 400, priced at 1.85 lakh rupees, furthering Bajaj Auto’s success with nearly 1.8 crore Pulsar sales generating 10,000 crores. Despite market challenges, Bajaj Auto reported a robust quarterly profit of 1,936 crores in March, marking a 35% increase, with revenues soaring to 11,485 crores.
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