The Indian auto sector witnessed sustained momentum in November, driven by the reduction in goods and services tax. Check out the latest sales figures and trends for major players like Ashok Leyland, M&M, and TVS Motor.
Hero MotoCorp shares witnessed their sharpest single-day drop since February 2025, amid concerns over weakening domestic volumes and stretched valuations following a strong rally in recent months.
The State Bank of India’s latest report suggests that inflation in India could be lower than the RBI’s estimates for FY26 and FY27, driven by positive domestic conditions and GST rate rationalization.
Amul’s parent company, GCMMF, has announced price reductions on over 700 product packs, passing on GST benefits to consumers. Effective September 22, the price cuts span across various categories like butter, ghee, ice cream, and frozen snacks.
India’s auto sales are expected to decline to a 12-month low in August as consumers wait for a potential GST rate cut announcement, impacting the start of the Great Indian Consumption season.
The proposed Goods and Services Tax (GST) rate cuts could have a nuanced impact on India’s non-bank financial sector, with mixed scenarios for insurers and lenders.