Essayer OR - Gratuit
'GST rate cuts will boost tyre sector growth by 5-6%'
The Morning Standard
|September 20, 2025
GS ANSHUMAN Singhania, MD & CEO of JK Tyre & Industries expects the tyre industry to grow by 5-6% because of the GST rate cuts, which will come into effect from September 22. GST on tractor tyres and tubes has been reduced from 18% to 5%, while that on pneumatic tyres cut from 28% to 18%.
"GST rate cuts alone would give tyre industry a growth of 5-6%," said Singhania. He was speaking to reporters during an event organised by the company at its Chennai plant. When asked about the impact of US tariff on JK Tyres revenues, he said tariff hike will not affect much of its business, as exports account for 12% of total revenue with US
Cette histoire est tirée de l'édition September 20, 2025 de The Morning Standard.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Morning Standard
The Morning Standard
Potters race against time amid supply crunch
DIWALI preparations are in full swing across India, but nowhere more visible than in Dehradun's historic Kumhar Mandi.
2 mins
October 11, 2025
The Morning Standard
Don warns of massive tariffs on China over rare earth curbs
US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping this month, slamming Beijing for hostile trade practices and threatening \"massive\" tariffs.
1 mins
October 11, 2025
The Morning Standard
In strong signal to Pak, Afghan minister says India ties vital
Muttaqi’s maiden visit to India marked by restoration of full diplomatic ties with Afghanistan
2 mins
October 11, 2025
The Morning Standard
30 cough syrup samples to be tested for contamination
THE Coldrif cough syrup, which has been linked to the deaths of 22 children in Madhya Pradesh, was never distributed in Delhi, officials from the Delhi Drug Control Department have confirmed.
1 mins
October 11, 2025
The Morning Standard
2 dead in Pak as Gaza march by radical group turns violent
TWO people were killed and dozens injured, including policemen, when supporters of a radical Islamist party on Friday clashed with police during an attempt to stage protests outside the US Consulate in Pakistan's Lahore city.
1 min
October 11, 2025
The Morning Standard
Eight killed as two strong quakes strike Philippines
TWO powerful quakes struck off the southern Philippines on Friday, killing at least eight people and triggering tsunami warnings.
1 min
October 11, 2025
The Morning Standard
Govt to allow multiple discoms in same area
Bill proposes cost-reflective tariffs, rationalised industrial rates, exempting mfg firms from cross-subsidy burden
1 mins
October 11, 2025
The Morning Standard
NITI Aayog bats for decriminalising minor tax offences
NITI Aayog has proposed a major overhaul of India's income tax enforcement framework, and recommended decriminalisation of 12 offences under the Income Tax Act, 2025, that are administrative or procedural in nature.
1 mins
October 11, 2025
The Morning Standard
SC questions Madras HC over SIT probe into Karur stampede
THE Supreme Court on Friday questioned the Madras High Court for constituting a special investigation team (SIT) to probe into the Karur stampede in which 41 people were killed.
1 min
October 11, 2025
The Morning Standard
Thousands return home as Gaza truce takes effect
Israel completes first phase of pullback Under Trump’s peace plan
1 mins
October 11, 2025
Listen
Translate
Change font size