Jan 12
Small cars, big savings! GST 2.0 has slashed taxes on hatchbacks from 28% to 18%, triggering a massive 20% surge in sales.
A historic turnaround for the Indian auto industry! For the first time since the pandemic, the hatchback segment is gaining market share, reaching 24.4% of total passenger vehicle sales. The catalyst? The government's GST 2.0 overhaul, which slashed rates for small cars (≤1200cc petrol/≤1500cc diesel) to a flat 18%. This move has effectively wiped out up to ₹1 Lakh from the on-road price of favorites like the Maruti Alto K10, Tata Altroz, and Hyundai i20.
