Key Points:
Passenger Vehicles: Taxation on Bigger Cars and SUVs to reduce; Hybrid vehicles to cost more
Bigger Cars and SUVs are major beneficiaries under GST
GST rates likely to be neutral for Two Wheeler OEMs according to ICRA
Motorcycles above 350cc will attract an additional cess of 3%
ICRA feels GST rates likely to be neutral for CV OEMs barring the additional cess proposed on mini-buses, which will be reviewed in due course
Please click below link to view the detailed note on the Impact of GST on the Automobile Sector by ICRA
ICRA study on the impact of GST on Automobile sevctor, May 23, 2017
