Primus In News
Diwali Cheer for Buyers? Govt Mulls GST Cut on Cars and Two-Wheelers
19-08-2025
Nikhil Dhaka, Vice President, Primus Partners, highlighted that a GST cut from 28% to 18% on cars and two-wheelers could be the single biggest festive boost for the auto sector in years. He said that mass-market buyers would benefit immediately, with entry-level vehicles becoming cheaper by ₹40,000–₹60,000 and mid-size SUVs like the Hyundai Creta seeing savings of over ₹1.5 lakh. He emphasized that the larger impact lies in unlocking pent-up demand among middle- and lower-income consumers, which would drive volumes, localisation, and job creation across the automotive value chain.
Explore Related Insights
- FY20 Was Slowest Growth In Last 7-Years For Indian Auto Sector: Primus Partners Report
- Govt extends interest equalisation scheme for MSME exporters for three months
- New verification features may add to social media platforms' woes
- Sikkim Govt – Dettol BSI launches Life Skills programme for adolescent children
