- The Transport
Commissioner of Maharashtra in a letter dated March 5, 2020, addressed to the
Society of Indian Automobile Manufacturers (SIAM) that the issue of providing
helmets to riders must be complied with. It has also now proposed a
blanket ban on two-wheeler registrations in the State unless manufacturers
ensure the provision of two BIS quality helmets to customers at the time of
vehicle sales.
- As per the Rule 138(4)(f)
of the Central Motor Vehicles Rules, 1989, which states that at the time of
purchase of a two-wheeler, the manufacturer shall supply a protective headgear
conforming to specifications prescribed by the Bureau of Indian Standards under
the Bureau of Indian Standards Act, 1986. A proof to this effect is also to be
included in the documents being submitted for registration in the RTO offices.
- More than 3,500 riders and over 1,700 pillion
riders without helmets died last year in Maharashtra, based on the transport
commission data. In Mumbai alone, riding without a helmet was a cause of
concern in 2016, with 4.24 lakh challans being issued. Similarly, in 2017, 1.45
lakh challans were issued and 1.14 lakh in 2018.
- The Managing Director, of Studds Accessories
Ltd, Sidhartha Bhushan Khurana, a leading manufacturer of helmets, in his interview with Business Line
on 13th March 2020, said, “We welcome the move by the transport
ministry of Maharashtra. The death rate among the pillion riders is as high as
the death rate among the riders and by enforcing such law, Maharashtra
transport ministry has showcased their proactiveness towards arresting deaths
due to road accidents...We believe the steps like this would help in the
economic and social well-being of citizens and we appreciate such measures
taken by the government.”
BENEFITS TO STUDDS:
- STUUDS is a well- known brand in helmet
manufacturing and other accessories.
- Studds is one of
the few companies in international market whose facilities have been granted
major safety certifications such as BIS
certifications IS: 4151 (for motorcycle helmets) and IS: 2925 (for industrial
helmets), ECE 22.05 and SLSI certifications, required for exporting its
products to international markets.
- Studds is increasing ISI certified bike and bicycle
helmet manufacturing capacity in its units, aiming to double its capacity
to 136 lacs helmets and motorcycle accessories in coming years.
- Thus government initiatives such as - “compulsory
helmet supply along with 2 wheelers by manufactures” and “mandatory for the use
of helmet by the driver and pillion rider of a two-wheeler or fine of Rs. 1000
for not wearing the same” turns positive for helmet manufacturing companies
such as Studds, Vega, Steelbird, etc.
Thus we
recommend “BUY- Studds Accessories Ltd” with a long run perspective.
For
buying and selling any unquoted / unlisted / delisted or suspended shares in
physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on
mittalmanish2003@gmail.com
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