Nifty Auto Surges on GST Boost

  Published 8 months ago

Nifty Auto rose 1.83% as GST cuts on small vehicles and bikes lifted sector sentiment.

  • Mahindra & Mahindra led gains, while Maruti Suzuki slipped on profit booking amid overall strong auto index performance.
  • GST on cars, motorcycles up to 350cc cut to 18%, boosting affordability and middle-class mobility demand.
  • Premium motorcycles above 350cc now attract 40% GST, making high-end two-wheelers costlier for buyers.

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