GST reforms: Two-wheeler sales may grow 5-6%; PVs likely to see modest 2-3% rise
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Crisil Ratings anticipates a 5-6% growth in two-wheeler sales this fiscal year, spurred by recent GST rate rationalization. Passenger vehicles are expected to see a more modest 2-3% increase. The GST cut, effective September 22, lowers rates on various vehicles, boosting affordability and coinciding with the festive season, which should drive stronger demand in the automobile sector. What's Your Reaction?
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