Tuesday, December 24, 2024

Proposed GST hike may not shake up used car market much

The proposed GST increase on used small cars will have minimal impact on demand, say analysts. The rise in GST will slightly affect car dealers' margins, which may be passed on to buyers. Overall, the small contribution of EVs and the marginal rise in cost should not significantly impact the used car market.

from Auto-Industry-Economic Times https://ift.tt/GuUmKNp

No comments:

Post a Comment

Maruti's premium play turns 10: Did it truly build a brand or just a better showroom?

Ten years after its launch, Maruti Suzuki's Nexa is at an inflection point, preparing for Nexa 2.0 to re-engage aspirational buyers. Des...