Tag: Mahindra
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Impact of GST Rate Cut on Car Prices by Tata Motors and Mahindra
Overview of the GST Rate Cut On September 22, the 56th GST Council convened and made a significant decision impacting the Indian automotive industry: the Goods and Services Tax (GST) rate on small cars was reduced from 28% to 18%. This fundamental change aims to boost demand in the automotive sector and make vehicles more…
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Tata Motors and Mahindra Adjust Car Prices Post-GST Rate Cut
Introduction to the GST Rate Cut Impact On September 22, the 56th GST Council meeting made a significant decision to reduce the Goods and Services Tax (GST) on small cars from 28% to 18%. This change will not only lighten the financial burden for consumers but also set the stage for notable adjustments in car…
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Impact of GST Rate Cut on Car Prices: Tata Motors to Mahindra
## Introduction to GST Rate Cut and Its Impact on the Auto Industry On September 22, the 56th GST Council made a significant decision to lower the Goods and Services Tax (GST) rates on small cars and vehicles. This change has sent ripples through the automotive industry, with major players like Tata Motors and Mahindra…
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Impact of GST Rate Cut on New Car Prices by Tata Motors and Mahindra
In a significant shift for the Indian automotive industry, Tata Motors and Mahindra have initiated the process of adjusting their car prices following the recent reduction in the Goods and Services Tax (GST) announced by the 56th GST Council meeting, effective from September 22. The council’s decision to lower the GST rate on small cars…