Bigger Cars and SUVs to benefit under GST regime: ICRA
- Passenger Vehicles: Taxation on Bigger Cars and SUVs to reduce; Hybrid vehicles to cost more
- Bigger Cars and SUVs are major beneficiaries under GST
- GST rates likely to be neutral for Two Wheeler OEMs according to ICRA
- Motorcycles above 350cc will attract an additional cess of 3%
- ICRA feels GST rates likely to be neutral for CV OEMs barring the additional cess proposed on mini-buses, which will be reviewed in due course
Download full report of ICRA on Impact of GST on automobile industry
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