Tag: cars
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FADA Urges Centre to Implement New GST Rates Quickly to Save Festive Vehicle Sales
FADA has urged the Centre to implement new GST rates immediately to prevent festive season sales losses. Dealers say customers are postponing purchases during Onam, Vinayaka Chavithi, Dussehra, and Diwali due to tax uncertainty. FADA also asked banks and NBFCs to extend short-term loan repayment by 30–45 days to ease dealer financial pressure.
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Many car buyers are delaying purchases amid expectations of a GST rate cut on vehicles. Dealers fear a festive-season slowdown
Many buyers are delaying car purchases, waiting for a possible GST rate cut on vehicles. Dealers fear festive season sales may drop as bookings are postponed. A GST reduction from 28% to 18% could lower car prices by Rs.70,000–1.5 lakh.