After a lull, auto companies gear up for the storm in festive season

Auto retailers in Mumbai anticipate increased sales during the upcoming festive season, starting with Navratri. Recent GST 2.0 tax cuts caused a sales slowdown. Dealers faced losses due to buyers delaying purchases. They are clearing old stock before the new GST rates take effect. Retailers are concerned about unused compensation cess credits and are urging the government for relief.

from Auto-Industry-Economic Times https://ift.tt/KQY3vaw