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
- Tiruppur in trouble? What is ailing this Rs 70,000-crore textile cluster from scaling up
- Decoding Sectoral Contribution In $2 Tn Export Target By 2030
- GST collection in March surges to ₹1.78-lakh crore
- Non-leather footwear sector has the potential to bring in more investments into the State: says Pooja Kulkarni
