GST Cut Ushers A 200 Bps Demand Upshift For 2-Wheelers, 100 Bps For Passenger Vehicles
New Delhi: Two-wheelers and passenger vehicles (PVs), which together account for 90 per cent of the domestic automobile industry’s volume, are expected to see demand increase by 200 basis points (bps) and 100 bps, respectively, a report showed on Friday. As a result, two-wheeler sales volume is expected to grow 5-6 per cent this fiscal,…
