GST reforms: Two-wheeler sales may grow 5-6%; PVs likely to see modest 2-3% rise

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Crisil Ratings anticipates a 5-6% growth in two-wheeler sales this fiscal year, spurred by recent GST rate rationalization. Passenger vehicles are expected to see a more modest 2-3% increase. The GST cut, effective September 22, lowers rates on various vehicles, boosting affordability and coinciding with the festive season, which should drive stronger demand in the automobile sector.

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