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Will The Reduction In GST Increase Automobile Sales?

Around the last leg of 2019, the SIAM (Society of Indian Automobile Manufacturers) requested a drop in the GST rates for the automobile sector. This request was put forth as a mitigation measure to the rapidly declining market performance in the automobile sector. Over the past few years, the sales graph in the automobile industry has been eventful, to say the least. While there was a promise for growth in the sector towards the end of 2019, unfortunately, it was short-lived.


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