Indian Auto Sector Poised for Growth as GST Council Implements Tax Cuts

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.