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Auto industry seeks execution of new GST rates faster
August 26, 2025
|The New Indian Express Tiruchy
HIT by a sudden decline in sales and enquiries, the automobile industry has urged the government to hasten the implementation of new GST rates, seeking their rollout before the start of the festive season in the second half of September.
After Prime Minister Narendra Modi announced next-generation GST reforms and GST rate cuts in his Independence Day speech, buyers have started delaying their purchase in anticipation that prices of smaller cars and two-wheelers may decline up to 8-10%.
A CEO of a leading car company said they are hopeful of a quick resolution given the GST council is likely to meet soon. "Sales have fallen in double-digit figures since the GST rate cut news started circulating. It is important that this matter is taken seriously," he added.
هذه القصة من طبعة August 26, 2025 من The New Indian Express Tiruchy.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Tiruchy
The New Indian Express Tiruchy
NSE to get NOC for public listing by January-end: SEBI chairman Pandey
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States oppose changes in MGNREGA in pre-Budget meet
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C'garh agri sector posts robust growth in 2 years; food grains, pulses stay firm
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1 mins
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The New Indian Express Tiruchy
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Self-reliance is mantra for country’s prosperity: Shah
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1 mins
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