Our interaction with leading 2-W companies suggests the decision could lead to lowering of prices at the consumer level provided the cut is implemented for the entire 2-W ecosystem (i.e. including components and materials) and not just the final product produced by OEMs. Lowering of tax on final product without a corresponding reduction in components used to manufacture it (i.e. inverted duty structure) would not really benefit end consumers. If the change is made applicable for the entire 2-W value chain, however, there would be a reduction in final prices by ~8% (on ceteris...