GST rate cut – Artifex.News https://artifex.news Stay Connected. Stay Informed. Sun, 22 Feb 2026 09:26:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png GST rate cut – Artifex.News https://artifex.news 32 32 TVS Motor CEO K.N. Radhakrishnan says ‘two-wheeler industry to grow at 8-9% Compound Annual Growth Rate in long term’ https://artifex.news/article70662496-ece/ Sun, 22 Feb 2026 09:26:00 +0000 https://artifex.news/article70662496-ece/ Read More “TVS Motor CEO K.N. Radhakrishnan says ‘two-wheeler industry to grow at 8-9% Compound Annual Growth Rate in long term’” »

]]>

TVS Motor Company CEO K.N. Radhakrishnan. File
| Photo Credit: The Hindu

The two-wheeler industry has the potential to grow at 8-9% Compound Annual Growth Rate (CAGR) in the long term, drawing from the momentum of GST rate cut, government’s spending on infrastructure and overall growth of the economy, according to TVS Motor Company CEO K.N. Radhakrishnan.

The first half of the next year is also expected to be “very good” in terms of sales growth, as the benefits of the GST rate cut will continue to come into the industry, he told analysts.

“Overall, I’m a firm believer that 8% to 9% as a CAGR, you can look at on a long-term basis…,” Mr. Radhakrishnan said when asked about the growth prospects of the two-wheeler industry for the next fiscal on the back of strong performance in Q3.

In Q4, the benefit of the GST rate cut, which was implemented on September 22 last year, will be seen, he added. “The first half of the next year [fiscal]is also going to be very good because the benefits will come into the industry,” he noted.

While not sharing an exact forecast for the next fiscal, Mr. Radhakrishnan said, “I think you will see a robust growth in the two-wheeler even in FY27”.

Sharing reasons for the bullish outlook, he said that with road connectivity in rural, urban, and semi-urban areas getting better while the public transport system remains a challenge, personal mobility, especially two-wheelers, stands to gain.

Moreover, he said, “The ‘self-employed’ is a good proportion in India. Given that, the best segment is two-wheelers because customers can afford it, customers can definitely use that for mobility, as well as 50% of the self-income group”.

Overall, the GDP is likely to grow, Mr. Radhakrishnan said. In the ongoing fiscal year, he said, the benefit of the GST rate cut is playing out not only in two-wheelers but across sectors where consumers have benefited.

Expressing confidence that in Q4, the growth of the two-wheeler industry could be “anything upwards of 15%”, which is “one of the best growth rates that we have seen”.

For FY26 as a whole, he said, “…the first half has not been so great. It was only a 2% growth. So, the year as a whole, you will see somewhere around 9% growth…”



Source link

]]>
GST 2.0: Renault to cut vehicle prices by up to ₹96,395 from Sep 22 https://artifex.news/article70018754-ece/ Sat, 06 Sep 2025 06:48:00 +0000 https://artifex.news/article70018754-ece/ Read More “GST 2.0: Renault to cut vehicle prices by up to ₹96,395 from Sep 22” »

]]>

The Renault logo on a new Renault Triber is pictured in Mumbai. File
| Photo Credit: Reuters

Renault India on Saturday (September 6, 2025) said it will reduce prices of its vehicles by up to ₹96,395 to pass on full benefit of the recent GST rate cut to buyers.

The GST Council, earlier this week, approved limiting slabs to 5% and 18%, effective from September 22.

The revised pricing will be effective on all deliveries made on or after September 22, 2025, coinciding with the first day of Navratri, the automaker said in a statement.

However, customers can start booking their Renault car at the new prices immediately across all dealerships nationwide, it added.

“Passing on the full GST 2.0 benefit is a reflection of our unwavering commitment to our customers. We believe this timely initiative will not only make our cars more accessible but also energise demand during the festive season,” Renault India MD Venkatram Mamillapalle said.

This move significantly enhances the value proposition of Renault’s renewed product line-up, including the Triber and Kiger, and is expected to drive strong momentum during the festive season, the company said.

Price of entry level Kwid will come down by up to ₹55,095, Triber by ₹80,195 and Kiger by up to ₹96,395, the automaker said.

On Friday (September 5, 2025), Tata Motors announced price cut between ₹65,000 and ₹1.45 lakh on its passenger vehicles effective September 22 to pass on the full benefit of GST reduction to customers.

Under the revised GST structure, petrol, LPG and CNG vehicles of less than 1,200 cc and not more than 4,000 mm length and diesel vehicles of up to 1,500 cc and 4,000 mm length would move to the 18% slab from the current 28%.

Motorcycles up to 350 cc would be taxed at a lower GST of 18% against 28% currently.

All automobiles above 1,200 cc and longer than 4,000 mm as well as motorcycles above 350 cc and racing cars will be charged with a 40% levy.

Small hybrid cars will also benefit, while EVs will continue to be charged at 5 per cent.



Source link

]]>