Low tax rates for the industry will encourage entrepreneurs and businessmen to invest in different sectors.
Earlier, Stefan Pierer, the chief executive of KTM, had also expressed interest in buying the Italian motorcycle brand Ducati, which is currently owned by the Volkswagen Group.
The move to cut corporate tax will embolden Indian companies to get into the global supply chains of several sectors.
With plans of launching 5-7 new bikes in India over the next 12-18 months, including the new Husqvarna brand, KTM aims to ride ahead of market.
The 790 Duke's engine produces maximum power of 105hp and maximum torque of 87Nm.
Top elevator makers told ET that orders from the realty sector are falling, leading to increased market competition.
The company is, however, encouraging its existing dealer-partners to open more outlets to increase sales.
In an Instagram post, the company said that 99% of its customers want the more premium offering Ather 450.
Many firms bought into the hype created by govt’s push and media coverage but are keeping investments low.
This becomes significant as automobile dealers attribute the focus of the manufacturers on achieving their wholesale targets as one of the leading reasons for the inventory accumulation.
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