Goods And Services Tax

GST Push Turns Festive Season Into 'Car Festival'

The rollout of the new Goods and Services Tax (GST) regime has triggered a sharp rise in car sales across India, especially during the ongoing festive season. With tax rates on entry-level cars dropping from 28% to 18%, and SUVs/luxury vehicles seeing a 5% cut, consumers are flocking to showrooms. At a Kia showroom in Chennai, sales have reportedly doubled overnight. Dealers report record inquiries, mass bookings, and deliveries, turning this festive period into an unexpected 'car festival'.

Related Videos

................................ Advertisement ................................

News

More

Opinion

More

Join Us

................................ Advertisement ................................