Indian automobile and electronics dealers are being careful before the festival season. They anticipate a Goods and Services Tax cut. Dealers are limiting inventory to protect working capital. Mahindra & Mahindra advises dealers to stock only fast-selling items. The GST Council may meet in September to finalize new rates. Consumers are delaying purchases, awaiting potential price drops.
from Auto-Industry-Economic Times https://ift.tt/McfRFYP
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