The festive season began on a record-breaking note for the Indian automobile sector as Tata Motors and pre-owned car company CARS24 also reported exceptional sales and customer activity on the first day of Navratri. The strong numbers came on the back of the recent GST 2.0 rate cuts, which h
GST 2.0 appears to have delivered instant relief and sparked consumer joy from the very first day, reducing household expenses, reviving demand across industries, and igniting the festive season with record-breaking sales.
Bharatiya Janata Party (BJP) MP Sambit Patra on Tuesday said Maruti Suzuki and Hyundai have set new records following the first day of GST reforms, with Maruti delivering over 25,000 cars and receiving around 80,000 inquiries, calling the response "like a festival."
The festive season began on a record-breaking note for the Indian automobile sector as Tata Motors and pre-owned car company CARS24 reported exceptional sales and customer activity on the first day of Navratri.
The demand upcycle in the passenger vehicle (PV) segment could continue up to FY29, supported by GST 2.0 reforms and a strong outlook for the automobile sector, according to a report by Nuvama.
Speaking in Patna, Bihar, Rai emphasised Prime Minister Narendra Modi's vision of making essential items more affordable for the poor and middle class. Rai mentioned that poor people, farmers, labourers, and the middle class will greatly benefit from these tax cuts.
Speaking at the Network18 Reforms Reloaded 2025 summit in Delhi, Nageswaran said, "The GST 2.0 is a very significant landmark reform. I am very confident that it will provide a very significant boost to domestic demand. In addition to the indirect taxes, there are concessions and relief anno
Locals pointed out that the decision to simplify slabs into primarily 5 percent and 18 percent, while lowering or eliminating GST on several essential commodities, will ease household expenses and create wider economic opportunities.
"Today is the first day of Sharadiya Navratri... and on this occasion, PM Narendra Modi gave the entire country a gift by making the biggest reforms in GST... Life-saving medicines have been made free from GST. GST on all other medicines has been cut to 5%... For farmers, the GST has been cu
Patanjali Foods Limited has announced a significant reduction in the Maximum Retail Price (MRP) across its entire product portfolio, aligning with the recent GST simplification by the Government of India.
According to a circular issued by the Railway Board, the price of a 1-litre bottle of Rail Neer has been reduced from Rs 15 to Rs 14, while the price of a 500 ml bottle has been brought down from Rs 10 to Rs 9. The new rates will come into effect from September 22, 2025.
While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.