GST cut to boost rural demand: CEAT

Tyre maker CEAT Ltd expects goods and services tax (GST) rate reduction to have structural positive impact in the coming quarters by aiding demand for two-wheelers, small cars and tractors, particularly in rural markets, according to its managing director and chief executive officer Arnab Banerjee.

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After posting a strong second quarter, in the third quarter, which is usually a subdued season for the tyre industry, topline may be equal to or slightly lower, Banerjee told