GSt Impact: Maruti, Hyundai & Tata Smash Sales Records

The opening day of Navratri turned into a record-setting occasion for carmakers across India as GST reductions combined with festive sentiment to push sales volumes sharply higher. Smaller vehicles saw GST rates drop to 18% from he previous 28% while larger vehicles saw a drop in the overall taxation rate - GST+ Cess - to a new 40% flat rate.