World & BusinessFirst-time car buyers reportedly make a comeback in India as GST cuts lift demand
The Economic Times reports that Maruti Suzuki and Tata Motors are seeing first-time buyers account for a larger share of their sales.
TLDR
The Economic Times reports that lower goods and services tax (GST) has revived demand for entry-level passenger vehicles in India, with first-time buyers increasing their share of sales. The report cites higher first-time buyer contributions at Maruti Suzuki and Tata Motors, alongside substantial year-on-year growth in entry-level SUV sales following the tax changes.
First-time car buyers reportedly make a comeback in India as GST cuts lift demand
The Economic Times reports that Maruti Suzuki and Tata Motors are seeing first-time buyers account for a larger share of their sales.
TLDR
The Economic Times reports that lower goods and services tax (GST) has revived demand for entry-level passenger vehicles in India, with first-time buyers increasing their share of sales. The report cites higher first-time buyer contributions at Maruti Suzuki and Tata Motors, alongside substantial year-on-year growth in entry-level SUV sales following the tax changes.