GST 2.0: Big savings on small cars, prices to drop by 12-12.5%

The GST rate reset is anticipated to stimulate demand for small cars and two-wheelers, benefiting entry-level consumers. Small cars and motorcycles under specified engine capacities will see reduced GST rates, potentially lowering ex-showroom prices significantly. Larger vehicles will also experience a slight price decrease due to revised tax structures, boosting overall sales volumes, especially in the small-car segment.

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