Indian automakers are experiencing a significant boost due to the government’s decision to cut consumption taxes, leading to a surge in market value. The reduction in Goods and Services Tax (GST) on passenger vehicles, making them more affordable, is expected to drive demand, particularly during the upcoming festival season. Mahindra & Mahindra, Eicher Motors, and TVS Motor Co.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets