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GST tweaks may impact electric vehicle demand, near-term car sales
Moreover, electric vehicles (EVs) may lose their tax arbitrage, say analysts.
Kumar Rakesh at BNP Paribas Securities India said there is a likelihood that customers will postpone their purchases over the immediate near-term due to lack of clarity on GST taxation.
'This could have an impact on demand during upcoming regional festivals in Maharashtra (Ganesh Chaturthi in August-end) and Kerala (Onam in August-end and September first week). The primary festival season is when the bulk of auto purchases happen in India
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The Hindu
24 minutes ago
- The Hindu
Required reforms: on reforms to the GST system
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NDTV
39 minutes ago
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Economic Times
an hour ago
- Economic Times
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