The GST Council's tax rationalisation is set to stimulate India's automobile market. Two-wheeler sales are expected to grow 5-6%, while small passenger vehicle sales may rise 2-3%. Price cuts of 5-10% and festive season timing, along with new launches and softer interest rates, are likely to boost demand. Higher rates for motorcycles above 350cc may curb premium sales.
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10:27 am on
07 Sep