CHENNAI: Rationalized GST rates and upbeat festive sentiment have pushed demand in the bread-and-butter sub-Rs 10 lakh segment of the sector to multi-year highs, amid an ongoing premiumization wave in the country. The revision of tax rates – especially for small cars and compact SUVs – expanded affordability and revived interest among price-conscious buyers who […]
Car sales in India fell for the fourth consecutive month in August, because car manufacturers regulated shipments to dealers prior to the announcement of the revised goods and service tax (GST) rates. A total of 321,840 vehicles were sent from factories to dealers to dealers last month, a decrease of 8.8% of 352,921 units a […]
The total sale of vehicles rose with a snail pace of 0.02 percent month on a month and 2.84 percent on an annual basis, revealed data from FADA. The car body said that customers are expected to rise during the festive season and the tax cuts of the government and the service tax (GST). The […]