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Crisil Ratings projects a 5-6% rise in India's two-wheeler sales due to reduced GST rates.
Crisil Ratings predicts a 5-6% growth in India's two-wheeler sales this fiscal year due to a reduction in Goods and Services Tax (GST) rates, which will lower vehicle prices.
The report also forecasts a smaller 2-3% growth in passenger vehicle sales.
Lower GST rates and new product launches are expected to boost consumer sentiment and profitability across the automobile industry.
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Crisil Ratings proyecta un aumento del 5-6% en las ventas de vehículos de dos ruedas de la India debido a la reducción de las tasas de GST.