The top automotive news of the day - Tata Motors has launched a new variant to the Tigor range - XM, which sits right between the XE and the XT. The XM variant comes with more features and is available in both petrol and diesel engines. The GST council has announced an increase in cess on mid-size cars, large cars and SUVs. The cess increase is lower than expected, however, car prices will go up. And finally, Audi is all set to launch the A5 in India and this time around in two body types which makes things even more interesting. The company will launch the car in October and we can't wait to find out more.
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The increase in production is to cater to the increased demand because of the festive season and revised GST rates.
The development coincides with the surge in sales fuelled by revised GST rates and festive demands.
India's consumer economy has achieved its highest Navratri sales in over a decade, a surge attributed to the Modi government's NextGen GST reforms, which reduced tax rates and increased product accessibility.
The Yamaha R3 and the MT-03 have received a price cut of Rs 20,000 following the revision in GST rates.
The sales of Suzuki Motorcycle India were supplemented by reduced GST rates and increased demand because of the festive season.
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