GST 2.0 boosts demand: Auto industry
India, Sept. 23 -- A year after the implementation of GST 2.0, top auto industry executives from Tata Motors, Hyundai Motor India, Mahindra Group, and Maruti Suzuki India Ltd said the tax reform has improved vehicle affordability, strengthened consumer confidence and provided a significant boost to demand across segments. The executives said the reform has helped broaden the customer base, particularly by improving affordability in the entry-level market, while the resulting demand momentum is encouraging automakers to accelerate capital expenditure and expand capacity. Tata Motors Passenger Vehicles Ltd MD & CEO Shailesh Chandra said GST 2.0 had provided a significant stimulus to the nation's economy by improving affordability and energi...
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