GST Cut Boosts Tractor Stocks

  Published 7 months ago

Tractor GST cut lifts Mahindra 6.06% and Escorts 5.46%, easing costs and boosting rural demand.

  • GST on tractors reduced to 5% from 12%, lowering farmer costs and supporting mechanisation growth nationwide.
  • Road tractors above 1800cc are taxed 18% instead of 28%, bringing significant relief for larger-scale operators.
  • Tractor tyres and parts GST dropped to 5%, further reducing ownership expenses and encouraging rural market expansion.

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