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Auto industry may return to 7% growth with GST rate reforms
Millennium Post Kolkata
|Kolkata 05 September 2025
Maruti Suzuki India Chairman RC Bhargava said the automotive industry would be a direct beneficiary of faster economic development
NEW DELHI: Maruti Suzuki India on Thursday said the GST rationalisation would help the automotive industry to come back to about 7 per cent growth on a yearly basis.
In a statement, Maruti Suzuki India Chairman RC Bhargava said the automotive industry would be a direct beneficiary of faster economic development.
"The growth of the car industry in general will also benefit from the GST system. We expect the industry growth rate to come back to about 7 per cent a year. Manufacturing growth and employment will both benefit," he added.
As per earlier estimates, the passenger vehicle segment was projected to witness a modest 1-2 per cent growth in FY26.
In particular, Maruti Suzuki is grateful for small cars being placed in the 18 per cent GST basket, Bhargava stated.
This story is from the Kolkata 05 September 2025 edition of Millennium Post Kolkata.
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