The Indian automotive industry is anticipating positive impacts from the recent GST Council decisions. The tax adjustments are forecasted to stimulate growth in the two-wheeler segment, with projections indicating sales could increase by up to 6% during the current financial year. This positive shift is expected to be fueled by the reduction in tax rates, benefiting both consumers and manufacturers. The report highlights that the two-wheeler segment, along with passenger vehicles, will be the primary beneficiaries, collectively representing a substantial portion of overall sales.
