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India cuts GST on two-wheelers by 2%, aiming to boost sales and attract first-time buyers.
The Indian government's recent 2% GST cut on two-wheelers is expected to boost sales this festive season.
Major companies like TVS and Yamaha plan to pass on the savings to customers, with price cuts ranging up to Rs 17,500.
This tax reform aims to make bikes and scooters more affordable and could reverse the declining sales trend over the past six years.
TVS expects significant growth, particularly in the electric and sporty scooter segments.
Industry experts believe this will also encourage first-time buyers.
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India reduce el GST en los vehículos de dos ruedas en un 2%, con el objetivo de impulsar las ventas y atraer a los compradores por primera vez.