The recent GST rate reductions on cars will clear the way for the growth momentum in the Indian automotive sector by making vehicles more affordable, said Industry Body Society or Indian Automobile Manufacturers (Siam) Thursday. Siam President Shailesh Chandra welcomed, while addressing the annual convention of the body, also the step of the government to […]
The sales volume of two-wheeler is expected to grow by 5-6 percent in the current tax year, due to the decision of the Goods and Services Tax (GST) to rationalize tax rates, Crisil Ratings said in a report. The rating agency said that the relocation is expected to offer much needed incentive to the domestic […]