Hyundai condemns GST Cess Hike; Fears Impact on Purchase Decision

Hyundai condemns GST Cess Hike; Fears Impact on Purchase Decision

Hyundai India, Country’s 2nd largest car manufacturer has released a statement on recent GST Cess hike.

Implementation of GST was to create single unified large market with simplified tax structure for auto industry. However the recent rolling back to multiple rates with Pre GST classification has come as a set back to industry shaking the confidence of Auto manufacturers.

We expect the coming festive season will witness low customer sentiment on new purchase decision.

Further in the absence of consistent and long term policy the investment for new products and new technology will be adversely impacted.

You can add more to this story by participating in the discussion.

Love Reading about Cars and Bikes?

Get email updates on latest cars and bikes! Join us

You have Successfully Subscribed!

Author: Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries. Follow me on twitter and facebook as well!

Share This Post On

Pin It on Pinterest