GST tweaks to boost auto sector from Q3 FY25: HDFC
The benefits of GST rate rationalisation are yet to be fully seen, with HDFC Securities predicting its positive impact on domestic auto companies only from Q3 FY25. The report cites supply bottlenecks, weak global demand, and rare-earth magnet shortages as short-term challenges, but expects GST reforms and demand revival to support medium-term growth.