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Will GST rate cut on two wheelers bring festive cheer?
Times are grave as auto industry has seen de-growth of 75.49% (-75.49%) in domestic sales for the period between April-June 2020-21, with two-wheelers domestic sales de-growth of 74.21% (-74.21%). The COVID-19 pandemic has ripped the economy and the auto industry severely. Things are slowly limping back and hopes have now been pinned on the festive season. In July, the auto industry saw after consecutive months of significant de-growth “signs of green shoots in PVs a...
