None
EN
Small cars poised to clock double-digit surge in sales due to GST rate cut
['The Hans India']
Andhra Pradesh Breaking News, Telangana News, Hyderabad News Updates, National News, Breaking News
“The passenger vehicle segment is now expected to grow by double digits (YoY) during the upcoming festive season compared to single digits before the GST cut announcement,” the report states.
It points out that the market leader, Maruti Suzuki, has announced its new price list after the announcement of the GST cut.
This should support a revival of the entry-level segment and keep Brezza competitive as well.
Brezza’s cost differential with competing models such as Nexon, Venue, Sonet and 3XO had increased by 5-6 per cent following the GST cut, and now this should normalise post price cut, the report states.
WagonR continues to lead in the entry-level cars segment, though the yellow board (cabs) percentage has increased over time.
['maruti'
'clock'
'report'
'cent'
'gst'
'small'
'sales'
'poised'
'cut'
'cars'
'surge'
'increased'
'price'
'doubledigit'
'segment'
'entrylevel'
'enquiries'
'rate']